Nordea Investment Management AB Purchases 59,086 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nordea Investment Management AB raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 568,255 shares of the transportation company’s stock after purchasing an additional 59,086 shares during the period. Nordea Investment Management AB owned 0.41% of Expeditors International of Washington worth $63,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXPD. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $57,000. Maia Wealth LLC purchased a new position in shares of Expeditors International of Washington in the third quarter worth $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after buying an additional 300 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $111.39 on Wednesday. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 3.42 and a beta of 0.99. The firm’s 50 day simple moving average is $117.47 and its 200-day simple moving average is $120.70. Expeditors International of Washington, Inc. has a 12 month low of $109.43 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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 for 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 last year, the business earned $1.16 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid 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 is presently 28.46%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays raised their target price 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. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. 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 research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company has an average 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.