Unigestion Holding SA Sells 30,422 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Unigestion Holding SA decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 22.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,339 shares of the transportation company's stock after selling 30,422 shares during the period. Unigestion Holding SA owned 0.07% of Expeditors International of Washington worth $13,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Black Diamond Financial LLC increased its position in shares of Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock valued at $218,000 after buying an additional 89 shares during the period. Blair William & Co. IL grew its position in Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after buying an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock valued at $730,000 after acquiring an additional 104 shares in the last quarter. Values First Advisors Inc. boosted its position in shares of Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company's stock valued at $2,069,000 after acquiring an additional 112 shares during the last quarter. Finally, Lindenwold Advisors INC grew its holdings in shares of Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock worth $2,196,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXPD shares. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Down 0.6 %

Shares of NASDAQ:EXPD traded down $0.69 on Wednesday, hitting $120.41. 1,023,408 shares of the company traded hands, compared to its average volume of 1,203,979. The stock has a 50 day simple moving average of $120.65 and a 200-day simple moving average of $122.13. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The company has a market cap of $16.85 billion, a PE ratio of 23.63, a PEG ratio of 3.38 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its 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. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

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.