New England Research & Management Inc. Acquires New Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New England Research & Management Inc. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,300 shares of the transportation company’s stock, valued at approximately $1,215,000.

Several other large investors have also added to or reduced their stakes in EXPD. First Trust Advisors LP grew its position in Expeditors International of Washington by 44.3% during the 3rd quarter. First Trust Advisors LP now owns 274,907 shares of the transportation company’s stock worth $16,456,000 after acquiring an additional 84,333 shares during the last quarter. APG Asset Management N.V. grew its position in Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after acquiring an additional 766,900 shares during the last quarter. Merriman Wealth Management LLC bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $208,000. Fisher Asset Management LLC grew its position in Expeditors International of Washington by 7.5% during the 3rd quarter. Fisher Asset Management LLC now owns 24,145 shares of the transportation company’s stock worth $1,445,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Expeditors International of Washington by 4.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 23,126 shares of the transportation company’s stock worth $1,384,000 after buying an additional 1,069 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “New England Research & Management Inc. Acquires New Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/12/new-england-research-management-inc-takes-position-in-expeditors-international-of-washington-inc-expd.html.

Shares of Expeditors International of Washington, Inc. (EXPD) opened at $59.85 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $62.63. The stock 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 (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. equities analysts anticipate that Expeditors International of Washington, Inc. will post 2.39 earnings per share for the current fiscal year.

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

A number of equities research analysts have recently weighed in on EXPD shares. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company restated a “market perform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and issued a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Barclays PLC raised their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, Credit Suisse Group lifted their price objective on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $59.43.

Expeditors International of Washington Company 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)

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply