Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,013 shares of the transportation company’s stock after purchasing an additional 157 shares during the period. Versant Capital Management Inc’s holdings in Expeditors International of Washington were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after acquiring an additional 257,791 shares in the last quarter. Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after acquiring an additional 6,878 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after acquiring an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Expeditors International of Washington by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after purchasing an additional 85,393 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on 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. 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 report on Wednesday, November 6th. Finally, Wolfe Research downgraded shares of 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 given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.44.

Get Our Latest Research Report on EXPD

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $111.28 on Friday. The firm has a market capitalization of $15.58 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $109.43 and a one year high of $131.59. The company has a 50-day simple moving average of $117.81 and a 200-day simple moving average of $120.96.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 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 return on equity of 32.12% and a net margin of 7.39%. The business’s revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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