Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,797 shares of the transportation company’s stock after selling 269 shares during the quarter. Fiduciary Trust Co’s holdings in Expeditors International of Washington were worth $3,653,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Hara Capital LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $52,000. Finally, Maia Wealth LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays raised 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 report on Wednesday, November 6th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen increased 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, November 6th. Finally, 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. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Down 0.3 %

EXPD opened at $121.25 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The company has a 50 day moving average of $121.80 and a two-hundred day moving average of $121.89. The company has a market cap of $16.97 billion, a P/E ratio of 23.64, a P/E/G ratio of 3.51 and a beta of 0.98.

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

Expeditors International of Washington Dividend Announcement

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

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.