Expeditors International of Washington (NASDAQ:EXPD) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC reduced its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,660 shares of the transportation company’s stock after selling 715 shares during the quarter. Cambiar Investors LLC’s holdings in Expeditors International of Washington were worth $4,452,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division bought a new position in shares of Expeditors International of Washington in the first quarter valued at approximately $25,000. JOYN Advisors Inc. lifted its position in shares of Expeditors International of Washington by 632.4% during the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock worth $34,000 after purchasing an additional 430 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Expeditors International of Washington by 6,357.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after purchasing an additional 2,841,903 shares during the last quarter. CX Institutional bought a new stake in shares of Expeditors International of Washington during the first quarter worth $50,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $53,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

A number of equities research analysts have recently weighed in on EXPD shares. Cowen restated a “market perform” rating and set a $76.00 price target (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday, May 8th. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Loop Capital initiated coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 price target for the company. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Finally, Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.00.

EXPD stock traded down $0.56 during mid-day trading on Friday, reaching $73.97. The company had a trading volume of 573,304 shares, compared to its average volume of 1,101,112. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The firm has a market capitalization of $12.78 billion, a P/E ratio of 21.26 and a beta of 0.88.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington will post 3.46 EPS for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 1.35%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is presently 28.74%.

TRADEMARK VIOLATION WARNING: “Expeditors International of Washington (NASDAQ:EXPD) Shares Sold by Cambiar Investors LLC” was originally reported by Rockland Register and is the sole property of of Rockland Register. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://rocklandregister.com/2019/06/14/cambiar-investors-llc-has-4-45-million-position-in-expeditors-international-of-washington-expd.html.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

Further Reading: What type of investment options does a Roth IRA provide?

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.