Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,348 shares of the transportation company’s stock after acquiring an additional 1,878 shares during the quarter. Glenmede Trust Co. NA’s holdings in Expeditors International of Washington were worth $1,754,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hara Capital LLC acquired a new position in Expeditors International of Washington during the third quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter worth $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth $35,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth $52,000. Finally, Maia Wealth LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at about $59,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The business has a 50-day moving average of $121.68 and a 200-day moving average of $121.95. The company has a market capitalization of $17.03 billion, a PE ratio of 23.71, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities analysts expect 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 business also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given 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 payout ratio is currently 28.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXPD shares. TD Cowen raised 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. 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Barclays lifted their target price 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. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.