Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Cut by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,039 shares of the transportation company’s stock after selling 120 shares during the period. Retirement Systems of Alabama’s holdings in Expeditors International of Washington were worth $4,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas bought a new stake in shares of Expeditors International of Washington during the third quarter valued at about $2,182,000. American Trust acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $203,000. Franklin Resources Inc. raised its position in shares of Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Expeditors International of Washington by 98.2% in the 3rd quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company’s stock worth $917,000 after acquiring an additional 3,456 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 1.4 %

EXPD stock opened at $112.74 on Friday. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The firm has a 50-day moving average of $119.98 and a two-hundred day moving average of $121.99. The firm has a market capitalization of $15.78 billion, a PE ratio of 21.98, a P/E/G ratio of 3.42 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business posted $1.16 EPS. The company’s revenue was up 37.0% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in 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 raised their target price on 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 price target 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 stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target 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.