Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,133 shares of the transportation company’s stock after purchasing an additional 4,962 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Expeditors International of Washington were worth $1,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington during the third quarter valued at $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after buying an additional 426 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Up 1.7 %

Expeditors International of Washington stock opened at $114.27 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 3.81 and a beta of 0.99. The company’s 50-day moving average price is $115.47 and its two-hundred day moving average price is $119.67.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating 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 net margin of 7.39% and a return on equity of 32.12%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. Research analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.73 dividend. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EXPD shares. TD Cowen raised their target price 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. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays raised their target price 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. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $117.44.

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.