3Chopt Investment Partners LLC Has $1.63 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

3Chopt Investment Partners LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,422 shares of the transportation company’s stock after selling 277 shares during the period. 3Chopt Investment Partners LLC’s holdings in Expeditors International of Washington were worth $1,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. Cetera Investment Advisers boosted its holdings in shares of Expeditors International of Washington by 119.4% during the 1st quarter. Cetera Investment Advisers now owns 13,585 shares of the transportation company’s stock worth $1,652,000 after buying an additional 7,392 shares during the period. Czech National Bank grew its position in shares of Expeditors International of Washington by 5.3% in the second quarter. Czech National Bank now owns 26,930 shares of the transportation company’s stock valued at $3,361,000 after purchasing an additional 1,349 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Expeditors International of Washington by 10.5% in the second quarter. Sequoia Financial Advisors LLC now owns 2,566 shares of the transportation company’s stock worth $320,000 after purchasing an additional 243 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Expeditors International of Washington by 136.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,790 shares of the transportation company’s stock worth $11,205,000 after purchasing an additional 51,794 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Expeditors International of Washington by 510.8% during the 2nd quarter. ORG Partners LLC now owns 2,602 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 2,176 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $120.76 on Tuesday. The firm has a market cap of $16.90 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.97. The firm’s 50-day simple moving average is $120.79 and its 200-day simple moving average is $122.11. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The company’s quarterly revenue was up 37.0% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen boosted their target price on shares of 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, Barclays increased 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 report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.44.

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.