Expeditors International of Washington, Inc. (EXPD) Holdings Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 23.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,223 shares of the transportation company’s stock after purchasing an additional 67,100 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of Expeditors International of Washington worth $21,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Canada Pension Plan Investment Board grew its holdings in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the period. Mosaic Family Wealth LLC grew its holdings in shares of Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after acquiring an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after acquiring an additional 471 shares during the period. Merriman Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $208,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock worth $212,000 after acquiring an additional 286 shares during the period. Institutional investors own 93.76% of the company’s stock.

A number of research firms recently weighed in on EXPD. Barclays upped their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Cowen upped their price target on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. UBS upped their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Goldman Sachs Group assumed coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.38.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.35 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $51.57 and a 52 week high of $66.01. The firm has a market capitalization of $11,401.41, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. 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 is presently 35.15%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 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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