Gladius Capital Management LP Invests $233,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Gladius Capital Management LP purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,773 shares of the transportation company’s stock, valued at approximately $233,000.

Several other large investors have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC purchased a new position in Expeditors International of Washington in the first quarter worth $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the second quarter valued at $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $52,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXPD. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America raised their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Cowen boosted their target price 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. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $120.16 on Friday. The firm’s 50-day simple moving average is $122.06 and its 200-day simple moving average is $121.61. 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 cap of $16.82 billion, a P/E ratio of 23.42, a PEG ratio of 3.45 and a beta of 0.98.

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

Expeditors International of Washington Dividend Announcement

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