Gulf International Bank UK Ltd Sells 835 Shares of Expeditors International (EXPD)

Gulf International Bank UK Ltd reduced its position in Expeditors International (NASDAQ:EXPD) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,264 shares of the transportation company’s stock after selling 835 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Expeditors International were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its position in Expeditors International by 92.4% in the first quarter. Teacher Retirement System of Texas now owns 95,825 shares of the transportation company’s stock worth $6,066,000 after buying an additional 46,015 shares during the last quarter. US Bancorp DE increased its position in Expeditors International by 1.3% in the first quarter. US Bancorp DE now owns 247,641 shares of the transportation company’s stock worth $15,676,000 after buying an additional 3,075 shares during the last quarter. Neuberger Berman Group LLC increased its position in Expeditors International by 20.0% in the first quarter. Neuberger Berman Group LLC now owns 510,327 shares of the transportation company’s stock worth $32,304,000 after buying an additional 85,077 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in Expeditors International in the first quarter worth $234,000. Finally, Quantum Capital Management purchased a new stake in Expeditors International in the first quarter worth $1,292,000. 92.16% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on EXPD. BidaskClub raised Expeditors International from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 12th. Credit Suisse Group raised their target price on Expeditors International from $63.00 to $67.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 9th. Stifel Nicolaus raised their target price on Expeditors International from $65.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, May 9th. Cowen raised their target price on Expeditors International from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 9th. Finally, ValuEngine raised Expeditors International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Expeditors International presently has an average rating of “Hold” and a consensus price target of $65.63.

In other news, VP Christopher J. Mcclincy sold 2,437 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $72.11, for a total value of $175,732.07. Following the completion of the transaction, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,208,130.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eugene K. Alger sold 6,956 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $71.89, for a total value of $500,066.84. Following the completion of the transaction, the insider now directly owns 5,476 shares of the company’s stock, valued at $393,669.64. The disclosure for this sale can be found here. Insiders sold 36,850 shares of company stock valued at $2,460,034 over the last ninety days. Corporate insiders own 0.99% of the company’s stock.

Expeditors International stock opened at $73.31 on Tuesday. Expeditors International has a one year low of $51.96 and a one year high of $73.73. The firm has a market capitalization of $12.61 billion, a PE ratio of 29.56, a P/E/G ratio of 2.94 and a beta of 0.70.

Expeditors International (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11. Expeditors International had a return on equity of 24.84% and a net margin of 7.36%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. research analysts anticipate that Expeditors International will post 3.07 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.45 dividend. This is a positive change from Expeditors International’s previous Semi-Annual dividend of $0.42. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 31st. Expeditors International’s dividend payout ratio (DPR) is presently 33.87%.

Expeditors International Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International (NASDAQ:EXPD).

Institutional Ownership by Quarter for Expeditors International (NASDAQ:EXPD)

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




Leave a Reply