Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Vestcor Inc

Vestcor Inc grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 59,046 shares of the transportation company’s stock after acquiring an additional 1,565 shares during the period. Vestcor Inc’s holdings in Expeditors International of Washington were worth $7,759,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Black Diamond Financial LLC increased its position in 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 buying an additional 89 shares during the last quarter. Blair William & Co. IL boosted its stake 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 stake 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 worth $730,000 after acquiring an additional 104 shares in the last quarter. Values First Advisors Inc. raised its stake 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 acquiring an additional 112 shares in the last quarter. Finally, Lindenwold Advisors INC raised its stake in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after acquiring an additional 114 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $120.76 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The company has a fifty day moving average price of $120.79 and a 200 day moving average price of $122.11. The stock has a market cap of $16.90 billion, a P/E ratio of 23.54, a PEG ratio of 3.38 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data 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 net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research 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. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $118.44.

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.