Park Avenue Securities LLC Has $320,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Park Avenue Securities LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,885 shares of the transportation company’s stock after buying an additional 374 shares during the quarter. Park Avenue Securities LLC’s holdings in Expeditors International of Washington were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EXPD. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington during the 3rd quarter valued at approximately $57,000. Maia Wealth LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares during the period. Finally, Quarry LP lifted its holdings in shares of Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after buying an additional 426 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. 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 report on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Finally, 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 research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Stock Down 1.1 %

Shares of EXPD opened at $113.01 on Friday. The company has a 50-day moving average price of $115.33 and a two-hundred day moving average price of $119.63. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results 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 return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company earned $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington Company Profile

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.