Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,436 shares of the transportation company’s stock after acquiring an additional 6,104 shares during the period. Banco Santander S.A. owned approximately 0.08% of Expeditors International of Washington worth $14,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Black Diamond Financial LLC increased its position in shares of Expeditors International of Washington by 5.4% during the second 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 period. Blair William & Co. IL boosted its position in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares in the last quarter. Values First Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after buying an additional 112 shares in the last quarter. Finally, Lindenwold Advisors INC raised its stake in Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EXPD shares. TD Cowen lifted 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. 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. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $118.89 on Thursday. 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 50 day simple moving average of $121.86 and a 200-day simple moving average of $121.72. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 3.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, equities 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 declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. 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%.

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.