Confluence Investment Management LLC Lowers Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Confluence Investment Management LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,370 shares of the transportation company’s stock after selling 877 shares during the period. Confluence Investment Management LLC owned about 0.14% of Expeditors International of Washington worth $25,146,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC bought a new position in Expeditors International of Washington in the 1st quarter worth about $25,000. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the second quarter worth approximately $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington during the 2nd quarter worth $35,000. Finally, ORG Partners LLC raised its position in Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.4 %

Shares of EXPD stock opened at $119.94 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.01 and a 12-month high of $131.59. The business’s fifty day simple moving average is $122.45 and its 200-day simple moving average is $121.27. The company has a market cap of $16.93 billion, a PE ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. 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 31.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Company 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.