Nationwide Fund Advisors reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 503,435 shares of the transportation company’s stock after selling 17,026 shares during the period. Nationwide Fund Advisors owned approximately 0.28% of Expeditors International of Washington worth $30,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. APG Asset Management N.V. lifted its holdings in Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after purchasing an additional 766,900 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $208,000. Fisher Asset Management LLC lifted its holdings in Expeditors International of Washington by 7.5% during the 3rd quarter. Fisher Asset Management LLC now owns 24,145 shares of the transportation company’s stock worth $1,445,000 after purchasing an additional 1,675 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Expeditors International of Washington by 4.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 23,126 shares of the transportation company’s stock worth $1,384,000 after purchasing an additional 1,069 shares during the last quarter. Finally, PGGM Investments lifted its holdings in Expeditors International of Washington by 1.3% during the 3rd quarter. PGGM Investments now owns 582,096 shares of the transportation company’s stock worth $34,844,000 after purchasing an additional 7,540 shares during the last quarter. 92.99% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $59.88 on Friday. The firm has a market capitalization of $10,630.18, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. Expeditors International of Washington, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $62.63.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. equities research analysts predict that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

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

Several analysts recently weighed in on the company. Cowen Inc lifted their price target on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. UBS AG lifted their price objective 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. Credit Suisse Group lifted their price objective 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. Barclays PLC lifted their price objective 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. Finally, Goldman Sachs Group Inc assumed coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Expeditors International of Washington has an average rating of “Hold” and an average target price of $59.38.

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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.

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

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