Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 814,261 shares of the transportation company’s stock after selling 5,539 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.58% of Expeditors International of Washington worth $97,631,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Boston Partners boosted its stake in Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after buying an additional 8,282 shares in the last quarter. Wellington Management Group LLP boosted its stake in Expeditors International of Washington by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 1.3% during the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after buying an additional 20,272 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXPD shares. TD Cowen raised their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price for the company in a report on Tuesday, May 14th. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Susquehanna upped their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $115.90.

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $3.35 during mid-day trading on Friday, hitting $123.13. The company’s stock had a trading volume of 937,711 shares, compared to its average volume of 1,310,090. The firm’s 50 day moving average is $123.17 and its 200 day moving average is $121.23. The company has a market cap of $17.39 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business earned $1.45 EPS. The business’s quarterly revenue was down 14.9% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 4.99 EPS for the current year.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

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.