Empowered Funds LLC Has $1.85 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empowered Funds LLC decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,092 shares of the transportation company’s stock after selling 4,516 shares during the quarter. Empowered Funds LLC’s holdings in Expeditors International of Washington were worth $1,852,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at about $2,954,000. Magnetar Financial LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter worth approximately $1,305,000. Assenagon Asset Management S.A. lifted its stake in Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after acquiring an additional 70,329 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Expeditors International of Washington during the first quarter valued at about $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Expeditors International of Washington by 58.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after buying an additional 10,202 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $118.89 on Thursday. The business’s 50 day moving average price is $121.86 and its 200-day moving average price is $121.72. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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%. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued 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 dividend payout ratio (DPR) is presently 28.46%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPD. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen upped their price objective 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. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington 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.