Parametrica Management Ltd Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Parametrica Management Ltd bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,300 shares of the transportation company’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners raised its holdings in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 3.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares during the period. Marshfield Associates raised its holdings in shares of Expeditors International of Washington by 0.3% in the 2nd quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock valued at $226,013,000 after purchasing an additional 5,712 shares during the period. ProShare Advisors LLC raised its holdings in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after purchasing an additional 227,671 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Expeditors International of Washington by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after purchasing an additional 85,393 shares during the period. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPD. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Cowen upped their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $115.00.

Expeditors International of Washington Trading Down 0.2 %

NASDAQ:EXPD traded down $0.29 on Wednesday, hitting $118.46. The company had a trading volume of 65,274 shares, compared to its average volume of 1,215,643. The stock has a market capitalization of $16.58 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.48 and a beta of 0.98. The firm has a 50 day moving average of $122.22 and a two-hundred day moving average of $121.51. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.3 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is currently 28.46%.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.