Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,056 shares of the transportation company’s stock after selling 1,387 shares during the quarter. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $26,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the second quarter valued at about $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at $52,000. Finally, Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $59,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Trading Up 0.3 %

Expeditors International of Washington stock opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a PEG ratio of 3.45 and a beta of 0.98. The business has a 50-day moving average of $121.68 and a 200-day moving average of $121.95.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

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.