Atlanta Consulting Group Advisors LLC Invests $346,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Atlanta Consulting Group Advisors LLC bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,633 shares of the transportation company’s stock, valued at approximately $346,000.

Several other institutional investors also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Expeditors International of Washington during the first quarter worth about $2,954,000. Magnetar Financial LLC purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $1,305,000. Assenagon Asset Management S.A. increased its stake in Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after purchasing an additional 70,329 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Expeditors International of Washington in the first quarter worth $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after buying an additional 10,202 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on EXPD. Barclays upped their target price 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. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen lifted their target price 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $120.16 on Monday. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.45 and a beta of 0.98. The firm’s 50 day simple moving average is $122.06 and its 200-day simple moving average is $121.67. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 was up 37.0% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington 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.