Caprock Group LLC Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caprock Group LLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,528 shares of the transportation company’s stock after selling 1,629 shares during the quarter. Caprock Group LLC’s holdings in Expeditors International of Washington were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in Expeditors International of Washington during the first quarter valued at approximately $2,954,000. Magnetar Financial LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth $1,305,000. Assenagon Asset Management S.A. raised its holdings in Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after purchasing an additional 70,329 shares during the period. Cetera Advisors LLC purchased a new position in Expeditors International of Washington during the first quarter valued at $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after purchasing an additional 10,202 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.4 %

EXPD opened at $120.56 on Friday. The company has a market capitalization of $16.88 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98. The firm has a 50-day simple moving average of $121.84 and a two-hundred day simple moving average of $121.71. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis. As a group, 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 Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.73 dividend. This represents a dividend 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%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Barclays lifted 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. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, TD Cowen increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock presently 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.