Mcdonald Capital Investors Inc. CA Has $1.70 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mcdonald Capital Investors Inc. CA lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,950 shares of the transportation company’s stock after selling 2,280 shares during the quarter. Expeditors International of Washington makes up approximately 0.1% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 18th largest position. Mcdonald Capital Investors Inc. CA’s holdings in Expeditors International of Washington were worth $1,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. D. E. Shaw & Co. Inc. increased its position 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 worth $51,089,000 after buying an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC increased its position in Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC raised its stake in Expeditors International of Washington by 15,046.0% during the 3rd 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. boosted its holdings in Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, TD Asset Management Inc grew its position in Expeditors International of Washington by 26.3% in the 1st quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock worth $133,116,000 after purchasing an additional 227,816 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Stock Up 1.0 %

Shares of Expeditors International of Washington stock opened at $120.60 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $110.01 and a 12-month high of $131.59. The stock has a market capitalization of $17.02 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. The company has a 50-day simple moving average of $122.50 and a 200 day simple moving average of $121.28.

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 for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.04 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. Shareholders of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 31.33%.

About Expeditors International of Washington

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.