Great West Life Assurance Co. Can increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 237,684 shares of the transportation company’s stock after purchasing an additional 12,386 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.13% of Expeditors International of Washington worth $14,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in Expeditors International of Washington by 33.3% in the 3rd quarter. Nordea Investment Management AB now owns 18,574 shares of the transportation company’s stock worth $1,112,000 after purchasing an additional 4,637 shares during the period. Amica Pension Fund Board of Trustees bought a new stake in Expeditors International of Washington during the third quarter valued at about $387,000. Amica Mutual Insurance Co. bought a new stake in Expeditors International of Washington during the third quarter valued at about $524,000. TD Asset Management Inc. raised its holdings in Expeditors International of Washington by 22.1% during the third quarter. TD Asset Management Inc. now owns 557,625 shares of the transportation company’s stock valued at $33,379,000 after acquiring an additional 101,005 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in Expeditors International of Washington by 1.8% during the third quarter. Oppenheimer & Co. Inc. now owns 55,006 shares of the transportation company’s stock valued at $3,293,000 after acquiring an additional 957 shares during the period. 93.81% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on EXPD shares. Cowen reissued a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Barclays raised their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Credit Suisse Group raised their price target on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a report on Wednesday, November 8th. Finally, UBS raised their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.38.

Shares of Expeditors International of Washington, Inc. (EXPD) opened at $64.47 on Friday. The company has a market capitalization of $11,456.51, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Expeditors International of Washington, Inc. has a twelve month low of $51.57 and a twelve month high of $65.41.

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 for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. equities analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 EPS for the current fiscal year.

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

In other news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

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Expeditors International of Washington 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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