KBC Group NV Purchases 303,438 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 836.7% in the fourth quarter, HoldingsChannel reports. The fund owned 339,705 shares of the transportation company’s stock after buying an additional 303,438 shares during the period. KBC Group NV’s holdings in Expeditors International of Washington were worth $37,629,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Expeditors International of Washington by 12.4% during the 4th quarter. Blue Trust Inc. now owns 2,537 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 280 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Expeditors International of Washington by 12.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 29,023 shares of the transportation company’s stock valued at $3,215,000 after buying an additional 3,266 shares during the period. Exchange Traded Concepts LLC boosted its stake in Expeditors International of Washington by 227.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,022 shares of the transportation company’s stock valued at $1,332,000 after acquiring an additional 8,355 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Expeditors International of Washington by 44.4% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 16,133 shares of the transportation company’s stock worth $1,788,000 after acquiring an additional 4,962 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Expeditors International of Washington by 9.4% during the 4th quarter. Inspire Investing LLC now owns 10,373 shares of the transportation company’s stock valued at $1,149,000 after acquiring an additional 889 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Bank of America decreased their target price on 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. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. 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, Barclays upped their target price on shares of 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. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.44.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Up 2.0 %

EXPD opened at $115.29 on Tuesday. The stock has a market capitalization of $16.14 billion, a P/E ratio of 22.47, a P/E/G ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm’s fifty day simple moving average is $115.23 and its 200 day simple moving average is $119.57.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.16 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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