Confluence Investment Management LLC Sells 1,717 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Confluence Investment Management LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,653 shares of the transportation company’s stock after selling 1,717 shares during the period. Confluence Investment Management LLC owned 0.14% of Expeditors International of Washington worth $21,008,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in shares of Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after buying an additional 399,800 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after acquiring an additional 308,390 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.3 %

NASDAQ EXPD traded down $0.34 on Thursday, reaching $110.43. The company had a trading volume of 112,104 shares, compared to its average volume of 1,193,715. The company’s fifty day moving average is $118.17 and its 200 day moving average is $121.12. Expeditors International of Washington, Inc. has a 52-week low of $109.43 and a 52-week high of $131.59. The stock has a market capitalization of $15.46 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.42 and a beta of 0.97.

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

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research analyst reports. TD Cowen increased their price objective 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. Barclays increased 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. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $118.44.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Company 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.