FDO Partners LLC Trims Position in Expeditors International of Washington, Inc. (EXPD)

FDO Partners LLC decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 67.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,693 shares of the transportation company’s stock after selling 13,639 shares during the period. FDO Partners LLC’s holdings in Expeditors International of Washington were worth $401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPD. Janus Henderson Group PLC lifted its position 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 worth $270,366,000 after buying an additional 4,767,490 shares in the last quarter. APG Asset Management N.V. lifted 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 buying an additional 766,900 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Expeditors International of Washington by 21.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after buying an additional 624,542 shares in the last quarter. Vanguard Group Inc. lifted its position 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 worth $1,112,904,000 after buying an additional 532,318 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in Expeditors International of Washington by 934.7% during the 2nd quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after buying an additional 470,162 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.93 on Tuesday. Expeditors International of Washington, Inc. has a 52-week low of $51.57 and a 52-week high of $66.01. The stock has a market cap of $11,456.50, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.36 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. equities research analysts forecast that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The firm 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 dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s payout ratio is presently 35.15%.

Several research analysts recently issued reports on EXPD shares. Cowen reiterated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Barclays upped their price target on shares of 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 upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Thursday, November 9th. UBS upped their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $59.38.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

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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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