Los Angeles Capital Management LLC Purchases New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Los Angeles Capital Management LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 96,223 shares of the transportation company’s stock, valued at approximately $12,644,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Expeditors International of Washington during the 3rd quarter valued at about $26,000. Crewe Advisors LLC bought a new position in Expeditors International of Washington during the 1st quarter valued at about $25,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at about $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $52,000. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of 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. Barclays boosted their target price 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America boosted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, UBS Group raised shares of 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 note on Thursday, August 1st. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $115.00.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $119.54 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The company has a 50 day moving average of $122.31 and a 200-day moving average of $121.47. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.3 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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