Olympiad Research LP Has $337,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Olympiad Research LP trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,562 shares of the transportation company’s stock after selling 440 shares during the quarter. Olympiad Research LP’s holdings in Expeditors International of Washington were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Black Diamond Financial LLC boosted its holdings in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after acquiring an additional 89 shares during the last quarter. Blair William & Co. IL boosted its holdings in Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after acquiring an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $730,000 after acquiring an additional 104 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Expeditors International of Washington by 0.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after acquiring an additional 106 shares during the last quarter. Finally, Values First Advisors Inc. boosted its holdings in Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 112 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPD. Barclays boosted their price target 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. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $119.94 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $110.01 and a 52-week high of $131.59. The stock’s 50-day simple moving average is $122.45 and its 200 day simple moving average is $121.27. The stock has a market capitalization of $16.93 billion, a P/E ratio of 25.74, a P/E/G ratio of 5.08 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 the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was up 37.0% on a year-over-year basis. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 31.33%.

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.