Summit Trail Advisors LLC Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Summit Trail Advisors LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,993 shares of the transportation company’s stock after buying an additional 301 shares during the period. Expeditors International of Washington makes up approximately 1.2% of Summit Trail Advisors LLC’s holdings, making the stock its 16th largest holding. Summit Trail Advisors LLC owned about 0.27% of Expeditors International of Washington worth $48,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPD. D. E. Shaw & Co. Inc. grew its stake in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after purchasing an additional 308,390 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Expeditors International of Washington by 140.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after purchasing an additional 227,671 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Barclays boosted 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. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen lifted 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 report 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 report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $121.32 on Friday. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.47 and a beta of 0.98. 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 price of $121.86 and a 200 day moving average price of $121.80.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a dividend 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.