Natixis Trims Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Natixis reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.1% during the first quarter, Holdings Channel reports. The firm owned 1,369 shares of the transportation company’s stock after selling 646 shares during the quarter. Natixis’ holdings in Expeditors International of Washington were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EXPD. Capital Analysts LLC grew its position in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after buying an additional 80 shares during the period. Cape ANN Savings Bank grew its position in shares of Expeditors International of Washington by 2.9% in the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after buying an additional 95 shares during the period. SkyOak Wealth LLC grew its position in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after buying an additional 95 shares during the period. Global Retirement Partners LLC grew its position in shares of Expeditors International of Washington by 12.2% in the 4th quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock worth $123,000 after buying an additional 105 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Expeditors International of Washington by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 31,481 shares of the transportation company’s stock worth $4,004,000 after buying an additional 105 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD opened at $124.23 on Friday. The stock has a market capitalization of $17.55 billion, a P/E ratio of 26.32, a P/E/G ratio of 5.32 and a beta of 0.98. The company’s 50-day simple moving average is $122.45 and its two-hundred day simple moving average is $121.25. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business’s revenue for the quarter was down 14.9% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington, Inc. will post 4.99 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.73 dividend. This represents a yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is currently 30.93%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Susquehanna upped their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.56.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.