Lmcg Investments LLC Sells 1,425 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lmcg Investments LLC lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.6% in the fourth quarter, HoldingsChannel reports. The fund owned 29,379 shares of the transportation company’s stock after selling 1,425 shares during the period. Lmcg Investments LLC’s holdings in Expeditors International of Washington were worth $3,254,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the 3rd quarter worth $57,000. Maia Wealth LLC acquired a new position in Expeditors International of Washington in the 3rd quarter valued at $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 300 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares during the period. 94.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 completion of the transaction, the director now owns 9,662 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EXPD shares. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report 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 report on Wednesday, October 9th. Finally, Barclays upped their target price on 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. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.11.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $110.28 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The company has a market cap of $15.44 billion, a PE ratio of 21.51, a P/E/G ratio of 3.74 and a beta of 0.99. The firm’s 50 day simple moving average is $115.87 and its 200 day simple moving average is $119.83.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. 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.