2,228 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,228 shares of the transportation company’s stock, valued at approximately $293,000.

Several other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Expeditors International of Washington by 6.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,744 shares of the transportation company’s stock valued at $361,000 after buying an additional 178 shares in the last quarter. Castleview Partners LLC grew its holdings in Expeditors International of Washington by 3.9% during the 3rd quarter. Castleview Partners LLC now owns 3,584 shares of the transportation company’s stock valued at $471,000 after buying an additional 134 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after buying an additional 308,390 shares in the last quarter. Vest Financial LLC grew its holdings in Expeditors International of Washington by 3.4% during the 3rd quarter. Vest Financial LLC now owns 411,720 shares of the transportation company’s stock valued at $54,100,000 after buying an additional 13,659 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Expeditors International of Washington by 2.2% during the 3rd quarter. Raymond James & Associates now owns 274,813 shares of the transportation company’s stock valued at $36,110,000 after buying an additional 6,014 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington Trading Down 2.1 %

EXPD opened at $119.41 on Thursday. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. The stock has a fifty day simple moving average of $122.56 and a two-hundred day simple moving average of $121.29. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 31.33%.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.