Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Cut by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 93.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,640 shares of the transportation company’s stock after selling 410,493 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expeditors International of Washington were worth $3,172,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after buying an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares during the last quarter. Lindenwold Advisors INC raised its stake in shares of Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after purchasing an additional 114 shares in the last quarter. Guardian Wealth Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after buying an additional 115 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in Expeditors International of Washington by 5.4% in the second quarter. Fidelis Capital Partners LLC now owns 2,282 shares of the transportation company’s stock worth $267,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $112.77 on Wednesday. The stock’s 50 day simple moving average is $115.75 and its 200 day simple moving average is $119.76. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market cap of $15.79 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during 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%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Bank of America lowered their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $117.11.

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.