Expeditors International of Washington (NASDAQ:EXPD) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,459 shares of the transportation company’s stock after selling 437 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Expeditors International of Washington were worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in Expeditors International of Washington by 6,357.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 2,841,903 shares during the period. Norges Bank bought a new stake in Expeditors International of Washington in the 4th quarter valued at about $114,445,000. Commonwealth Bank of Australia raised its stake in Expeditors International of Washington by 13.9% in the 4th quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock valued at $284,830,000 after acquiring an additional 510,958 shares during the period. Vanguard Group Inc raised its stake in Expeditors International of Washington by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after acquiring an additional 336,122 shares during the period. Finally, APG Asset Management N.V. raised its stake in Expeditors International of Washington by 21.9% in the 4th quarter. APG Asset Management N.V. now owns 1,842,408 shares of the transportation company’s stock valued at $109,740,000 after acquiring an additional 331,000 shares during the period. 92.30% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Loop Capital assumed coverage on Expeditors International of Washington in a research note on Thursday, May 30th. They issued a “hold” rating and a $78.00 price objective on the stock. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research note on Monday, May 27th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a report on Monday, May 20th. Finally, BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Expeditors International of Washington stock traded up $1.12 during midday trading on Friday, reaching $75.86. The company’s stock had a trading volume of 862,381 shares, compared to its average volume of 1,103,545. The stock’s 50-day moving average is $73.10. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.14. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The stock has a market cap of $13.05 billion, a P/E ratio of 21.80 and a beta of 0.88.

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

The business also recently declared a semiannual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.50 per share. The ex-dividend date was 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 (DPR) is currently 28.74%.

Expeditors International of Washington Company 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.

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

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