Amalgamated Bank Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Amalgamated Bank trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,066 shares of the transportation company’s stock after selling 1,174 shares during the quarter. Amalgamated Bank’s holdings in Expeditors International of Washington were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EXPD. Crewe Advisors LLC purchased a new position in Expeditors International of Washington during the first quarter worth about $25,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $52,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EXPD shares. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Five equities research 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, the company currently has an average rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington Trading Up 0.1 %

Expeditors International of Washington stock opened at $120.06 on Friday. The firm has a 50 day simple moving average of $122.39 and a 200 day simple moving average of $121.37. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during 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 firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.16 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington 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.