Asset Dedication LLC Acquires 503 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Asset Dedication LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 339.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 651 shares of the transportation company’s stock after acquiring an additional 503 shares during the period. Asset Dedication LLC’s holdings in Expeditors International of Washington were worth $72,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Public Sector Pension Investment Board increased its position in Expeditors International of Washington by 53.3% during the second quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock worth $637,000 after buying an additional 1,773 shares during the last quarter. Creative Planning boosted its stake in shares of Expeditors International of Washington by 17.5% during the 2nd quarter. Creative Planning now owns 26,793 shares of the transportation company’s stock worth $3,343,000 after acquiring an additional 3,988 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the last quarter. Quarry LP raised its stake in shares of Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $3,921,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s 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 sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 0.5 %

Shares of EXPD stock opened at $113.76 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a market capitalization of $15.92 billion, a P/E ratio of 22.17, a P/E/G ratio of 3.81 and a beta of 0.99. The stock has a 50 day moving average of $114.93 and a two-hundred day moving average of $119.45.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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. 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 during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on EXPD shares. Barclays lifted 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. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Tuesday. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.44.

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.