Pitcairn Co. Sells 8,569 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pitcairn Co. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 62.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,149 shares of the transportation company’s stock after selling 8,569 shares during the quarter. Pitcairn Co.’s holdings in Expeditors International of Washington were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of EXPD. Swedbank AB purchased a new position in Expeditors International of Washington during the 1st quarter worth $2,954,000. Assenagon Asset Management S.A. increased its stake in shares of Expeditors International of Washington by 62.5% during the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after buying an additional 70,329 shares during the period. Cetera Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after acquiring an additional 10,202 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in Expeditors International of Washington by 34.3% in the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock worth $49,674,000 after acquiring an additional 101,710 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $122.39 on Tuesday. The company’s fifty day moving average price is $121.88 and its 200-day moving average price is $121.87. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a market capitalization of $17.13 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 3.48 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.