Oppenheimer & Co. Inc. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 55,006 shares of the transportation company’s stock after purchasing an additional 957 shares during the period. Oppenheimer & Co. Inc.’s holdings in Expeditors International of Washington were worth $3,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Janus Henderson Group PLC grew its position in shares of Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after buying an additional 4,767,490 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Expeditors International of Washington by 115.2% in 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 buying an additional 766,900 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after buying an additional 532,318 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Expeditors International of Washington by 934.7% in the 2nd quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after buying an additional 470,162 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Expeditors International of Washington by 101.9% in the 2nd quarter. Principal Financial Group Inc. now owns 571,390 shares of the transportation company’s stock worth $32,273,000 after buying an additional 288,320 shares during the last quarter. 92.99% of the stock is currently owned by institutional investors and hedge funds.

EXPD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, November 9th. BidaskClub downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen Inc reaffirmed a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Finally, Goldman Sachs Group Inc initiated coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.38.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $59.88 on Friday. The firm has a market cap of $10,640.86, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. Expeditors International of Washington, Inc. has a 12-month low of $51.57 and a 12-month high of $62.63.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. Expeditors International of Washington’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

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

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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.

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

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