Wayne Hummer Investments L.L.C. Acquires New Position in Expeditors International of Washington, Inc. (EXPD)

Wayne Hummer Investments L.L.C. bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,400 shares of the transportation company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after purchasing an additional 532,318 shares during the period. Janus Henderson Group PLC raised its stake in Expeditors International of Washington by 24,524.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after purchasing an additional 4,767,490 shares during the period. Commonwealth Bank of Australia raised its stake in Expeditors International of Washington by 2.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock valued at $161,824,000 after purchasing an additional 65,353 shares during the period. APG Asset Management N.V. raised its stake 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 valued at $85,750,000 after purchasing an additional 766,900 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Expeditors International of Washington by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after purchasing an additional 13,419 shares during the period. 94.44% of the stock is currently owned by institutional investors.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up $0.80 during midday trading on Friday, reaching $59.78. The company’s stock had a trading volume of 1,387,800 shares, compared to its average volume of 1,118,046. The stock has a market cap of $10,480.91, a PE ratio of 24.68, a PEG ratio of 3.06 and a beta of 0.68. Expeditors International of Washington, Inc. has a fifty-two week low of $50.48 and a fifty-two week 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 EPS 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 analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. equities analysts forecast that Expeditors International of Washington, Inc. will post 2.41 EPS for the current fiscal year.

The business also recently announced 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 dividend payout ratio (DPR) is 35.15%.

Several analysts recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and set 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. Cowen and Company reissued a “market perform” rating and set a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. 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 note on Thursday, November 9th. The Goldman Sachs Group, Inc. assumed coverage on Expeditors International of Washington in a research note on Monday. They set a “neutral” rating and a $59.00 target price on the stock. Finally, UBS AG lifted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $59.38.

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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