Drystone LLC Makes New $5.93 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Drystone LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,491 shares of the transportation company’s stock, valued at approximately $5,925,000. Expeditors International of Washington accounts for 5.9% of Drystone LLC’s investment portfolio, making the stock its 9th largest position.

A number of other large investors have also modified their holdings of EXPD. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the period. Lindenwold Advisors INC boosted its stake in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares during the last quarter. Guardian Wealth Advisors LLC grew its position in shares of Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after buying an additional 115 shares during the period. Huntington National Bank raised its stake in shares of Expeditors International of Washington by 7.4% during the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock worth $241,000 after buying an additional 127 shares during the last quarter. Finally, Nicollet Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 1.2% during the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock worth $1,423,000 after buying an additional 128 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.2 %

Shares of NASDAQ EXPD opened at $114.39 on Thursday. The company has a fifty day moving average price of $115.07 and a 200 day moving average price of $119.49. The firm has a market cap of $16.01 billion, a PE ratio of 21.90, a PEG ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm 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 presently 28.46%.

Analyst Upgrades and Downgrades

A number of analysts have commented on EXPD shares. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, TD Cowen increased their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $117.44.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

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.