Expeditors International of Washington (EXPD) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 80.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,479 shares of the transportation company’s stock after purchasing an additional 26,003 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Expeditors International of Washington were worth $4,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPD. Qube Research & Technologies Ltd acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $113,000. Fort L.P. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $118,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Expeditors International of Washington by 104.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock worth $152,000 after purchasing an additional 1,061 shares during the last quarter. MainStreet Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $198,000. Finally, Summit Asset Management LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $200,000. Institutional investors own 93.58% of the company’s stock.

Shares of EXPD opened at $70.57 on Friday. Expeditors International of Washington has a 52 week low of $59.10 and a 52 week high of $78.16. The stock has a market capitalization of $12.82 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.85 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Expeditors International of Washington’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington will post 3.26 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a yield of 1.23%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.42. Expeditors International of Washington’s dividend payout ratio is 36.29%.

EXPD has been the topic of several recent analyst reports. Deutsche Bank set a $72.00 price objective on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research note on Thursday, September 27th. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, November 13th. Finally, Goldman Sachs Group lowered shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price objective on the stock. in a research note on Friday. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $69.40.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 2,371 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $73.67, for a total value of $174,671.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey S. Musser sold 30,000 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $75.95, for a total transaction of $2,278,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,371 shares of company stock worth $2,820,772. 0.99% of the stock is owned by company insiders.

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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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