Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,797 shares of the transportation company’s stock after selling 269 shares during the period. Fiduciary Trust Co’s holdings in Expeditors International of Washington were worth $3,653,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Expeditors International of Washington in the first quarter worth approximately $2,954,000. Assenagon Asset Management S.A. grew its stake in shares of Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter worth $729,000. Charles Schwab Investment Management Inc. grew its stake in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after acquiring an additional 10,202 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXPD. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. 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 company an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Trading Down 0.3 %

EXPD opened at $121.25 on Friday. The stock has a market cap of $16.97 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98. The stock’s fifty day simple moving average is $121.80 and its 200 day simple moving average is $121.89. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 EPS. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 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.