Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Perpetual Ltd

Perpetual Ltd lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 109.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,354 shares of the transportation company’s stock after buying an additional 2,274 shares during the period. Perpetual Ltd’s holdings in Expeditors International of Washington were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of EXPD. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the third quarter worth $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $59,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after acquiring an additional 426 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXPD. Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays raised 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 report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $117.11.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’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 value of $363,330.00. Following the sale, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.3 %

EXPD opened at $112.39 on Thursday. The stock’s 50-day moving average price is $115.61 and its 200 day moving average price is $119.71. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.74 and a beta of 0.99.

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, 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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