Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,383 shares of the transportation company’s stock after selling 439 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,284,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Swedbank AB acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $2,954,000. Assenagon Asset Management S.A. grew its position in Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after buying an additional 70,329 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Expeditors International of Washington in the first quarter valued at $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Expeditors International of Washington by 58.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after acquiring an additional 10,202 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in shares of Expeditors International of Washington by 34.3% during the 2nd quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock worth $49,674,000 after acquiring an additional 101,710 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $121.32 on Monday. 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 capitalization of $16.98 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.47 and a beta of 0.98. The company’s 50 day simple moving average is $121.86 and its 200 day simple moving average is $121.84.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating 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 net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Benchmark reissued 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 target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. 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, TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four research 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 a consensus target price of $118.44.

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.