KBC Group NV Purchases 303,438 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 836.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,705 shares of the transportation company’s stock after acquiring an additional 303,438 shares during the quarter. KBC Group NV owned about 0.24% of Expeditors International of Washington worth $37,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. Marshfield Associates increased its position in Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after buying an additional 4,044 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Expeditors International of Washington by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after acquiring an additional 9,007 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated 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 directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. 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 report on Wednesday, November 6th. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $115.29 on Tuesday. The stock’s fifty day simple moving average is $115.23 and its 200 day simple moving average is $119.57. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

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.