Unigestion Holding SA Sells 30,422 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Unigestion Holding SA lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.7% during the third quarter, HoldingsChannel reports. The firm owned 103,339 shares of the transportation company’s stock after selling 30,422 shares during the period. Unigestion Holding SA’s holdings in Expeditors International of Washington were worth $13,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of EXPD. Charles Schwab Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after buying an additional 51,265 shares during the period. Assenagon Asset Management S.A. raised its stake in Expeditors International of Washington by 62.5% in 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 acquiring an additional 70,329 shares during the period. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter valued at about $4,363,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in 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 valued at $3,439,000 after purchasing an additional 10,202 shares during the last quarter. Finally, Vest Financial LLC boosted its position in Expeditors International of Washington by 34.3% during the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock worth $49,674,000 after purchasing an additional 101,710 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. TD Cowen raised their price objective on shares of 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 cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, 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 note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD opened at $121.21 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The company has a market cap of $16.97 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.38 and a beta of 0.97. The stock has a 50-day moving average price of $120.65 and a 200-day moving average price of $122.13.

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, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during 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 business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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