Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the 3rd quarter, Holdings Channel reports. The firm owned 370,993 shares of the transportation company’s stock after buying an additional 301 shares during the quarter. Expeditors International of Washington accounts for approximately 1.2% of Summit Trail Advisors LLC’s portfolio, making the stock its 16th biggest position. Summit Trail Advisors LLC’s holdings in Expeditors International of Washington were worth $48,749,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EXPD. D. E. Shaw & Co. Inc. grew its stake in shares of Expeditors International of Washington by 581.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after buying an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC grew its position in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after acquiring an additional 265,111 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Expeditors International of Washington by 140.2% during the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after purchasing an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.5 %

Shares of Expeditors International of Washington stock opened at $121.32 on Friday. The business has a 50-day moving average price of $121.86 and a 200 day moving average price of $121.80. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The firm has a market cap of $16.98 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.47 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. 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. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.44.

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.