Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,300 shares of the transportation company’s stock after selling 6,800 shares during the period. Swiss National Bank’s holdings in Expeditors International of Washington were worth $55,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at about $25,000. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth about $26,000. Innealta Capital LLC purchased a new stake in Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 1.9 %

Shares of EXPD opened at $118.01 on Wednesday. The firm has a market cap of $16.52 billion, a P/E ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock’s 50 day moving average is $121.94 and its two-hundred day moving average is $121.74.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results 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 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 firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Analyst Ratings Changes

Several analysts have recently commented on EXPD shares. 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $118.44.

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.