D.A. Davidson & CO. Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D.A. Davidson & CO. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,717 shares of the transportation company’s stock after selling 322 shares during the quarter. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $5,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. Hara Capital LLC purchased a new position in Expeditors International of Washington during the third quarter worth $26,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at about $52,000. Finally, Maia Wealth LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth about $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $121.25 on Thursday. The firm has a 50-day simple moving average of $121.84 and a 200-day simple moving average of $121.90. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The firm has a market cap of $16.97 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.51 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given 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 payout ratio is currently 28.46%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen upped their price target 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. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average 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.