Parametric Portfolio Associates LLC boosted its stake in Expeditors International of Washington (NASDAQ:EXPD) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,358 shares of the transportation company’s stock after buying an additional 19,675 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.36% of Expeditors International of Washington worth $37,793,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its stake in 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 valued at $115,000 after buying an additional 1,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 valued at $147,000 after acquiring an additional 471 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $208,000. Pacer Advisors Inc. raised its holdings in 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 valued at $212,000 after acquiring an additional 286 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $212,000. 93.56% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.78% of the stock is owned by company insiders.
Shares of Expeditors International of Washington (NASDAQ EXPD) traded up $0.34 during midday trading on Friday, hitting $66.73. 585,335 shares of the stock were exchanged, compared to its average volume of 1,100,000. The firm has a market cap of $11,860.00, a P/E ratio of 28.04, a P/E/G ratio of 3.12 and a beta of 0.72. Expeditors International of Washington has a fifty-two week low of $51.57 and a fifty-two week high of $66.83.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. analysts predict that Expeditors International of Washington will post 2.41 earnings per share for the current year.
The company also recently declared a semiannual dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is currently 35.29%.
A number of analysts have commented on the stock. UBS Group increased their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Cowen reiterated a “market perform” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Thursday, November 9th. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective for the company. Finally, Barclays increased their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.25.
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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.
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