Expeditors International of Washington (EXPD) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in Expeditors International of Washington (NASDAQ:EXPD) by 11.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,199 shares of the transportation company’s stock after selling 950 shares during the quarter. Blair William & Co. IL’s holdings in Expeditors International of Washington were worth $456,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. MANA Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $669,000. Achmea Investment Management B.V. lifted its holdings in shares of Expeditors International of Washington by 5.3% during the first quarter. Achmea Investment Management B.V. now owns 72,068 shares of the transportation company’s stock valued at $4,559,000 after purchasing an additional 3,631 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Expeditors International of Washington by 32.5% during the first quarter. Lord Abbett & CO. LLC now owns 120,401 shares of the transportation company’s stock valued at $7,621,000 after purchasing an additional 29,521 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $3,395,000. Finally, Rampart Investment Management Company LLC lifted its holdings in shares of Expeditors International of Washington by 73.8% during the first quarter. Rampart Investment Management Company LLC now owns 3,906 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Shares of EXPD opened at $72.64 on Wednesday. The company has a market cap of $12.93 billion, a P/E ratio of 29.29, a PEG ratio of 2.92 and a beta of 0.72. Expeditors International of Washington has a twelve month low of $54.32 and a twelve month high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 7.36% and a return on equity of 24.84%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. research analysts forecast that Expeditors International of Washington will post 3.16 EPS for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a dividend yield of 1.26%. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.42. Expeditors International of Washington’s dividend payout ratio (DPR) is 36.29%.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 2,437 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $72.11, for a total value of $175,732.07. Following the completion of the sale, the vice president now owns 16,754 shares of the company’s stock, valued at approximately $1,208,130.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Eugene K. Alger sold 6,956 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $71.89, for a total transaction of $500,066.84. Following the completion of the sale, the insider now directly owns 5,476 shares of the company’s stock, valued at approximately $393,669.64. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

Several research firms have recently issued reports on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, April 24th. Cowen lifted their target price on shares of Expeditors International of Washington from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, May 9th. Robert W. Baird lifted their target price on shares of Expeditors International of Washington from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Finally, Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $65.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $66.78.

Expeditors International of Washington 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.

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

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