Visionary Asset Management Inc. acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,624 shares of the transportation company’s stock, valued at approximately $217,000.

Several other institutional investors have also recently modified their holdings of EXPD. Retirement Systems of Alabama lifted its stake in shares of Expeditors International of Washington by 0.3% in the second quarter. Retirement Systems of Alabama now owns 87,353 shares of the transportation company’s stock worth $4,934,000 after buying an additional 286 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Expeditors International of Washington by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 855,302 shares of the transportation company’s stock worth $48,308,000 after buying an additional 32,640 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of Expeditors International of Washington by 21.8% in the second quarter. Dupont Capital Management Corp now owns 13,390 shares of the transportation company’s stock worth $756,000 after buying an additional 2,394 shares during the last quarter. LMR Partners LLP acquired a new position in Expeditors International of Washington during the 2nd quarter valued at $715,000. Finally, State of Wisconsin Investment Board raised its stake in Expeditors International of Washington by 211.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 195,148 shares of the transportation company’s stock valued at $11,022,000 after purchasing an additional 132,420 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Several research firms recently commented on EXPD. Barclays upped their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Cowen upped their target price on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. UBS upped their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $59.38.

Expeditors International of Washington, Inc. (EXPD) opened at $64.44 on Friday. The company has a market cap of $11,515.14, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.38 and a beta of 0.72. Expeditors International of Washington, Inc. has a one year low of $51.57 and a one year high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. equities research analysts expect that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.42 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 35.15%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

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Expeditors International of Washington Company Profile

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.

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

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