Crossmark Global Holdings Inc. Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Crossmark Global Holdings Inc. decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,477 shares of the transportation company’s stock after selling 4,391 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Expeditors International of Washington were worth $4,262,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Franklin Resources Inc. boosted its stake in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after acquiring an additional 10,202 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

EXPD opened at $112.39 on Thursday. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The business has a 50 day simple moving average of $115.61 and a two-hundred day simple moving average of $119.71. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.74 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s payout ratio is currently 28.46%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays upped 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. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Bank of America dropped their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.11.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington 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.