Royce & Associates LP trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637,564 shares of the transportation company’s stock after selling 72,536 shares during the quarter. Royce & Associates LP owned 0.36% of Expeditors International of Washington worth $38,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EXPD. Sei Investments Co. lifted its position in Expeditors International of Washington by 3.9% during the 3rd quarter. Sei Investments Co. now owns 414,596 shares of the transportation company’s stock worth $24,819,000 after acquiring an additional 15,391 shares during the period. Stifel Financial Corp lifted its position in Expeditors International of Washington by 5.3% during the 2nd quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock worth $4,897,000 after acquiring an additional 4,333 shares during the period. Neuberger Berman Group LLC lifted its position in Expeditors International of Washington by 210.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 15,891 shares during the period. Gotham Asset Management LLC lifted its position in Expeditors International of Washington by 23.9% during the 2nd quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock worth $16,862,000 after acquiring an additional 57,521 shares during the period. Finally, Summit Global Investments acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $652,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

EXPD has been the subject of a number of research reports. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen reaffirmed a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 price target for the company. Finally, Barclays lifted their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $59.38.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.18 on Friday. The stock has a market capitalization of $11,433.40, a PE ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data 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 business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company’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. research analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

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

In other news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.78% of the company’s stock.

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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.

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

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