Victory Capital Management Inc. Buys 5,438 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,736 shares of the transportation company's stock after purchasing an additional 5,438 shares during the period. Victory Capital Management Inc. owned approximately 0.22% of Expeditors International of Washington worth $41,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Expeditors International of Washington by 33.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company's stock valued at $332,000 after acquiring an additional 679 shares during the last quarter. Sei Investments Co. increased its position in shares of Expeditors International of Washington by 11.0% in the 1st quarter. Sei Investments Co. now owns 37,281 shares of the transportation company's stock valued at $4,532,000 after buying an additional 3,687 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Expeditors International of Washington during the first quarter worth about $1,629,000. Blair William & Co. IL grew its stake in Expeditors International of Washington by 4.7% in the first quarter. Blair William & Co. IL now owns 7,681 shares of the transportation company's stock valued at $934,000 after acquiring an additional 347 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Expeditors International of Washington by 3.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 63,038 shares of the transportation company's stock worth $7,664,000 after acquiring an additional 2,368 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Down 0.7 %

Shares of EXPD stock traded down $0.80 on Friday, reaching $120.16. The stock had a trading volume of 1,096,899 shares, compared to its average volume of 1,220,210. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98. The firm's 50-day moving average is $122.06 and its two-hundred day moving average is $121.61.

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 for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The business's revenue was up 37.0% compared to the same quarter last year. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington Company Profile

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.