Claro Advisors LLC Has $642,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Claro Advisors LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,795 shares of the transportation company’s stock after selling 1,165 shares during the quarter. Claro Advisors LLC’s holdings in Expeditors International of Washington were worth $642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $52,000. Choreo LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $347,000. American Century Companies Inc. raised its stake in Expeditors International of Washington by 13.1% in the second quarter. American Century Companies Inc. now owns 208,181 shares of the transportation company’s stock valued at $25,979,000 after purchasing an additional 24,114 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in Expeditors International of Washington in the second quarter valued at about $583,000. Finally, Envestnet Asset Management Inc. raised its stake in Expeditors International of Washington by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 793,390 shares of the transportation company’s stock valued at $99,007,000 after purchasing an additional 42,196 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXPD. TD Cowen boosted their price target 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. Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Up 1.4 %

NASDAQ:EXPD opened at $110.59 on Tuesday. The stock has a market cap of $15.48 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.99. The stock’s 50-day moving average is $116.80 and its 200-day moving average is $120.26. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

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 the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for 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 quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. 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 presently 28.46%.

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.