Expeditors International of Washington (NASDAQ:EXPD) Shares Bought by Andra AP fonden

Andra AP fonden grew its stake in Expeditors International of Washington (NASDAQ:EXPD) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,600 shares of the transportation company’s stock after purchasing an additional 9,400 shares during the period. Andra AP fonden owned approximately 0.07% of Expeditors International of Washington worth $9,382,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. World Asset Management Inc boosted its stake in shares of Expeditors International of Washington by 6.4% in the second quarter. World Asset Management Inc now owns 13,095 shares of the transportation company’s stock valued at $957,000 after buying an additional 786 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Expeditors International of Washington by 3.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,027 shares of the transportation company’s stock valued at $1,976,000 after buying an additional 789 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Expeditors International of Washington by 1.9% in the third quarter. State of Alaska Department of Revenue now owns 46,234 shares of the transportation company’s stock valued at $3,397,000 after buying an additional 853 shares in the last quarter. Global X Management Co LLC boosted its stake in shares of Expeditors International of Washington by 15.5% in the second quarter. Global X Management Co LLC now owns 7,033 shares of the transportation company’s stock valued at $514,000 after buying an additional 943 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Expeditors International of Washington by 70.7% during the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after purchasing an additional 966 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the company. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Credit Suisse Group decreased their target price on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 8th. BidaskClub upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Cowen reiterated a “market perform” rating and set a $73.00 target price (up from $70.00) on shares of Expeditors International of Washington in a research report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.50.

Shares of NASDAQ EXPD traded down $0.58 during trading on Thursday, reaching $72.78. The company had a trading volume of 1,575,900 shares, compared to its average volume of 1,247,321. Expeditors International of Washington has a twelve month low of $58.66 and a twelve month high of $78.16. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.84 and a beta of 0.74.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington will post 3.14 EPS for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.45 dividend. This represents a dividend yield of 1.23%. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.42. The ex-dividend date of this dividend is Friday, November 30th. Expeditors International of Washington’s payout ratio is 36.29%.

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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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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