Marathon Asset Management LLP Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marathon Asset Management LLP reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 407,848 shares of the transportation company’s stock after selling 7,891 shares during the quarter. Marathon Asset Management LLP owned about 0.23% of Expeditors International of Washington worth $24,412,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mosaic Family Wealth LLC grew its stake in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the last quarter. Merriman Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $208,000. Barings LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $210,000. Finally, Pacer Advisors Inc. boosted its position in shares of Expeditors International of Washington by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after buying an additional 286 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc. (EXPD) opened at $59.85 on Friday. The firm has a market capitalization of $10,639.07, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.13 and a beta of 0.68. Expeditors International of Washington, Inc. has a one year low of $50.20 and a one year 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 analysts’ consensus estimates 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 business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company earned $0.59 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. equities analysts forecast that Expeditors International of Washington, Inc. will post 2.39 EPS for the current year.

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

EXPD has been the topic of several analyst reports. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Barclays PLC boosted 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. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday. UBS AG boosted their price objective on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.43.

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About Expeditors International of Washington

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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