JLB & Associates Inc. raised its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 81,798 shares of the transportation company’s stock after purchasing an additional 6,544 shares during the period. JLB & Associates Inc.’s holdings in Expeditors International of Washington were worth $5,569,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group grew its holdings in Expeditors International of Washington by 51.8% during the third quarter. Rehmann Capital Advisory Group now owns 1,337 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 456 shares during the period. Qube Research & Technologies Ltd bought a new stake in Expeditors International of Washington during the second quarter valued at about $113,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Expeditors International of Washington by 104.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 1,061 shares during the period. MainStreet Investment Advisors LLC bought a new stake in Expeditors International of Washington during the third quarter valued at about $198,000. Finally, Summit Asset Management LLC bought a new stake in Expeditors International of Washington during the third quarter valued at about $200,000. 93.25% of the stock is owned by institutional investors and hedge funds.
Shares of Expeditors International of Washington stock traded down $0.15 during trading hours on Friday, hitting $68.58. The company’s stock had a trading volume of 48,882 shares, compared to its average volume of 1,153,898. Expeditors International of Washington has a 12-month low of $59.10 and a 12-month high of $78.16. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.51 and a beta of 0.85.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Analysts forecast that Expeditors International of Washington will post 3.29 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were given a $0.45 dividend. This represents a dividend yield of 1.23%. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.42. The ex-dividend date was Friday, November 30th. Expeditors International of Washington’s payout ratio is presently 36.29%.
Several analysts have issued reports on EXPD shares. Goldman Sachs Group lowered Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Friday, December 7th. Deutsche Bank set a $72.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a report on Thursday, September 27th. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Finally, Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $69.33.
In other news, Director Mark A. Emmert sold 5,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $73.52, for a total value of $367,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher J. Mcclincy sold 2,371 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $73.67, for a total value of $174,671.57. The disclosure for this sale can be found here. Insiders sold 37,371 shares of company stock worth $2,820,772 over the last 90 days. Company insiders own 0.99% of the company’s stock.
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About Expeditors International of Washington
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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