Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 191,370 shares of the transportation company’s stock after selling 877 shares during the period. Confluence Investment Management LLC’s holdings in Expeditors International of Washington were worth $25,146,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. increased its holdings 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 buying an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC increased its stake 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 worth $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC increased 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 acquiring an additional 265,111 shares during the period. Assenagon Asset Management S.A. raised 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 last quarter. Finally, TD Asset Management Inc lifted its position in Expeditors International of Washington by 26.3% during 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 purchasing an additional 227,816 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EXPD. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Bank of America increased their price target on shares of 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington Stock Up 0.4 %

EXPD opened at $119.94 on Friday. The firm’s fifty day simple moving average is $122.45 and its two-hundred day simple moving average is $121.27. Expeditors International of Washington, Inc. has a 52-week low of $110.01 and a 52-week high of $131.59. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $1.16 EPS. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 31.33%.

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.