Sanctuary Advisors LLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sanctuary Advisors LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,657 shares of the transportation company’s stock after acquiring an additional 1,235 shares during the quarter. Sanctuary Advisors LLC’s holdings in Expeditors International of Washington were worth $3,962,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Finally, Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the third quarter valued at $59,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.6 %

NASDAQ EXPD opened at $117.78 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The company has a 50 day moving average price of $120.40 and a 200 day moving average price of $122.14. The firm has a market cap of $16.49 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is presently 28.46%.

Analyst Ratings Changes

Several research firms have commented on EXPD. TD Cowen raised their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays increased 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 report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.44.

Insider Activity at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by insiders.

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.