Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Trimmed by Zacks Investment Management

Zacks Investment Management decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,845 shares of the transportation company’s stock after selling 377 shares during the period. Zacks Investment Management’s holdings in Expeditors International of Washington were worth $3,790,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPD. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington during the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington during the 2nd quarter worth $52,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $59,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen boosted 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. Finally, Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $119.28 on Monday. The company has a 50-day moving average of $121.01 and a two-hundred day moving average of $122.08. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.44 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for 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 company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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