Expeditors International of Washington (NASDAQ:EXPD) Position Increased by Grimes & Company Inc.

Grimes & Company Inc. raised its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,034 shares of the transportation company’s stock after buying an additional 2,469 shares during the period. Grimes & Company Inc. owned about 0.07% of Expeditors International of Washington worth $8,843,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Expeditors International of Washington by 0.9% during the second quarter. Vanguard Group Inc. now owns 21,383,240 shares of the transportation company’s stock worth $1,622,132,000 after buying an additional 191,817 shares in the last quarter. BlackRock Inc. lifted its position in shares of Expeditors International of Washington by 3.7% in the 2nd quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock valued at $1,165,576,000 after acquiring an additional 546,889 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Expeditors International of Washington by 2.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,298,296 shares of the transportation company’s stock valued at $326,048,000 after acquiring an additional 118,440 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Expeditors International of Washington by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,626,370 shares of the transportation company’s stock valued at $199,237,000 after acquiring an additional 20,817 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Expeditors International of Washington by 3.9% in the 2nd quarter. APG Asset Management N.V. now owns 2,521,608 shares of the transportation company’s stock valued at $167,974,000 after acquiring an additional 94,100 shares in the last quarter. Hedge funds and other institutional investors own 92.52% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, September 10th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Barclays downgraded shares of Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $78.00 to $72.00 in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $67.00 to $70.00 and gave the company an “underperform” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird upped their price target on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.67.

EXPD stock traded down $0.82 during midday trading on Monday, reaching $76.45. The company had a trading volume of 21,844 shares, compared to its average volume of 1,032,841. Expeditors International of Washington has a 1 year low of $62.90 and a 1 year high of $81.15. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $13.24 billion, a P/E ratio of 21.95 and a beta of 0.95. The company has a 50 day moving average of $73.76 and a two-hundred day moving average of $73.85.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. Expeditors International of Washington had a net margin of 7.56% and a return on equity of 30.76%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Expeditors International of Washington will post 3.52 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.50 dividend. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. The ex-dividend date of this dividend is Friday, November 29th. Expeditors International of Washington’s dividend payout ratio is presently 28.74%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 36,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total value of $2,557,800.00. Following the completion of the sale, the insider now owns 45,787 shares in the company, valued at approximately $3,253,166.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip M. Coughlin sold 185,686 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $76.74, for a total transaction of $14,249,543.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 262,546 shares of company stock valued at $19,835,874. Insiders own 1.20% of the company’s stock.

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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