Zurcher Kantonalbank Zurich Cantonalbank Acquires 51,852 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 200.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,701 shares of the transportation company's stock after buying an additional 51,852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Expeditors International of Washington worth $10,210,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EXPD. CreativeOne Wealth LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at approximately $239,000. Glenmede Trust Co. NA lifted its holdings in shares of Expeditors International of Washington by 16.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company's stock worth $1,754,000 after purchasing an additional 1,878 shares in the last quarter. Townsquare Capital LLC grew its position in Expeditors International of Washington by 31.5% in the 3rd quarter. Townsquare Capital LLC now owns 18,416 shares of the transportation company's stock valued at $2,420,000 after purchasing an additional 4,408 shares during the period. BNP Paribas Financial Markets increased its stake in Expeditors International of Washington by 34.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 323,772 shares of the transportation company's stock valued at $42,544,000 after purchasing an additional 82,238 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Expeditors International of Washington during the third quarter worth $228,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded down $0.17 during trading on Monday, reaching $121.47. 653,840 shares of the stock traded hands, compared to its average volume of 1,211,940. The stock has a market capitalization of $17.00 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. 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 50-day moving average of $121.68 and a 200-day moving average of $121.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company's revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.73 dividend. This represents a dividend 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%.

Analysts Set New Price Targets

EXPD has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. 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 data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $118.44.

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.