Crossmark Global Holdings Inc. Lowers Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Crossmark Global Holdings Inc. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,477 shares of the transportation company’s stock after selling 4,391 shares during the period. Crossmark Global Holdings Inc.’s holdings in Expeditors International of Washington were worth $4,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP grew its stake in shares of Expeditors International of Washington by 1,497.4% in the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after acquiring an additional 399,800 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after purchasing an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after purchasing an additional 308,390 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after buying an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.3 %

EXPD opened at $112.39 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The firm’s 50 day simple moving average is $115.61 and its two-hundred day simple moving average is $119.71. The company has a market capitalization of $15.73 billion, a PE ratio of 21.91, a PEG ratio of 3.74 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 28.46%.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s 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 transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Barclays lifted their price target on shares of 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. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.11.

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.