Studio Investment Management LLC Buys 157 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Studio Investment Management LLC boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 4,119 shares of the transportation company’s stock after acquiring an additional 157 shares during the period. Studio Investment Management LLC’s holdings in Expeditors International of Washington were worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington in the first quarter worth $25,000. CreativeOne Wealth LLC bought a new position in Expeditors International of Washington during the first quarter worth about $224,000. EP Wealth Advisors LLC acquired a new position in Expeditors International of Washington in the first quarter valued at about $235,000. Advisors Asset Management Inc. increased its holdings in shares of Expeditors International of Washington by 27.9% in the first quarter. Advisors Asset Management Inc. now owns 1,463 shares of the transportation company’s stock worth $178,000 after acquiring an additional 319 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Expeditors International of Washington by 1.7% during the first quarter. Toronto Dominion Bank now owns 82,258 shares of the transportation company’s stock worth $10,000,000 after purchasing an additional 1,375 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $120.56 on Friday. The stock has a market capitalization of $16.88 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98. The company’s 50-day moving average price is $121.84 and its two-hundred day moving average price is $121.71. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

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.