Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 12.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400,949 shares of the transportation company's stock after purchasing an additional 257,791 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.72% of Expeditors International of Washington worth $315,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXPD. Hara Capital LLC purchased a new position in Expeditors International of Washington in the 3rd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington in the second quarter valued at about $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. Finally, Maia Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $59,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $0.39 during midday trading on Friday, reaching $121.64. 427,478 shares of the company traded hands, compared to its average volume of 1,214,357. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 3.44 and a beta of 0.98. The company has a fifty day moving average price of $121.68 and a 200 day moving average price of $121.92. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is currently 28.46%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXPD shares. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and a consensus price target of $118.44.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.