Expeditors International of Washington, Inc. (EXPD) Position Raised by APG Asset Management N.V.

APG Asset Management N.V. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 115.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,432,508 shares of the transportation company’s stock after purchasing an additional 766,900 shares during the quarter. APG Asset Management N.V. owned 0.79% of Expeditors International of Washington worth $85,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after acquiring an additional 532,318 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Expeditors International of Washington by 24,524.1% during the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after purchasing an additional 4,767,490 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of Expeditors International of Washington by 2.3% during the second quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock worth $161,824,000 after purchasing an additional 65,353 shares during the period. Alliancebernstein L.P. lifted its holdings in Expeditors International of Washington by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after acquiring an additional 13,419 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in Expeditors International of Washington by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 1,318,071 shares of the transportation company’s stock valued at $74,445,000 after acquiring an additional 158,664 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.



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Expeditors International of Washington, Inc. (EXPD) opened at $59.85 on Friday. The firm has a market capitalization of $10,639.07, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.13 and a beta of 0.68. Expeditors International of Washington, Inc. has a 52-week low of $50.20 and a 52-week high of $62.63.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Expeditors International of Washington’s quarterly revenue was up 15.3% on a year-over-year basis. equities research analysts anticipate that Expeditors International of Washington, Inc. will post 2.39 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.42 dividend. This represents a yield of 1.4%. The ex-dividend date is Thursday, November 30th. Expeditors International of Washington’s payout ratio is currently 35.15%.

EXPD has been the subject of a number of recent research reports. Barclays PLC lifted their price objective on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Thursday. Finally, Credit Suisse Group upped their price objective on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.43.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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