BB&T Securities LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,706 shares of the company’s stock after selling 1,423 shares during the period. BB&T Securities LLC’s holdings in Expeditors International of Washington were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. BlackRock Fund Advisors boosted its position in shares of Expeditors International of Washington by 30.3% in the second quarter. BlackRock Fund Advisors now owns 4,606,088 shares of the company’s stock worth $225,883,000 after buying an additional 1,071,140 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Expeditors International of Washington by 6.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,774,353 shares of the company’s stock worth $626,454,000 after buying an additional 729,235 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Expeditors International of Washington by 22.5% in the second quarter. Janus Capital Management LLC now owns 3,556,739 shares of the company’s stock worth $174,422,000 after buying an additional 653,220 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Expeditors International of Washington by 2.2% in the second quarter. Vanguard Group Inc. now owns 17,644,218 shares of the company’s stock worth $865,272,000 after buying an additional 386,771 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Expeditors International of Washington by 81.7% in the second quarter. Parametric Portfolio Associates LLC now owns 546,915 shares of the company’s stock worth $26,821,000 after buying an additional 245,889 shares in the last quarter. Hedge funds and other institutional investors own 89.36% of the company’s stock.

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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.64% on Friday, hitting $53.87. 1,039,137 shares of the stock traded hands. Expeditors International of Washington, Inc. has a 1-year low of $40.41 and a 1-year high of $56.37. The stock has a 50-day moving average price of $53.70 and a 200 day moving average price of $51.29. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 22.82 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.06. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, analysts anticipate that Expeditors International of Washington, Inc. will post $2.35 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 29th. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 33.90%.

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A number of research analysts recently issued reports on EXPD shares. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Barclays PLC restated a “buy” rating on shares of Expeditors International of Washington in a report on Wednesday, November 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.25.

In related news, Director Michael J. Malone sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $51.13, for a total value of $1,636,160.00. Following the completion of the transaction, the director now owns 86,771 shares in the company, valued at approximately $4,436,601.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael J. Malone sold 51,559 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $51.63, for a total transaction of $2,661,991.17. Following the completion of the transaction, the director now owns 133,074 shares of the company’s stock, valued at approximately $6,870,610.62. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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