Assenagon Asset Management S.A. Sells 23,726 Shares of Expeditors International of Washington, Inc. (EXPD)

Assenagon Asset Management S.A. decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 34.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,222 shares of the transportation company’s stock after selling 23,726 shares during the period. Assenagon Asset Management S.A.’s holdings in Expeditors International of Washington were worth $2,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Teachers Advisors LLC increased its position in shares of Expeditors International of Washington by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 260,154 shares of the transportation company’s stock valued at $14,696,000 after buying an additional 13,288 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Expeditors International of Washington by 9.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the transportation company’s stock valued at $388,000 after buying an additional 600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Expeditors International of Washington by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 595,893 shares of the transportation company’s stock valued at $33,662,000 after buying an additional 16,542 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $418,000. Finally, AQR Capital Management LLC increased its position in shares of Expeditors International of Washington by 10.6% in the 1st quarter. AQR Capital Management LLC now owns 560,844 shares of the transportation company’s stock valued at $31,682,000 after buying an additional 53,665 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) traded down $0.02 during midday trading on Friday, reaching $59.85. 1,024,900 shares of the company were exchanged, compared to its average volume of 1,117,389. The firm has a market cap of $10,639.07, a price-to-earnings ratio of 25.05, a PEG ratio of 3.13 and a beta of 0.68. Expeditors International of Washington, Inc. has a 12-month low of $50.20 and a 12-month high of $62.63.

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

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is 35.15%.

A number of analysts recently commented on EXPD shares. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen and Company restated a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Finally, Barclays PLC upped their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $59.43.

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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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