Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,687 shares of the transportation company’s stock after selling 508 shares during the quarter. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $2,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. raised its stake in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Expeditors International of Washington by 2,286.2% in the third 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 during the period. International Assets Investment Management LLC raised its stake in shares of 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 purchasing an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Expeditors International of Washington by 140.2% during the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, TD Asset Management Inc boosted its position in Expeditors International of Washington by 26.3% in the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock valued at $133,116,000 after buying an additional 227,816 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $119.41 on Thursday. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. The business’s 50 day moving average price is $122.56 and its 200-day moving average price is $121.29. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPD. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays boosted 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 report on Wednesday. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday. Finally, Bank of America raised their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $115.00.

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.