Centiva Capital LP Sells 12,993 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Centiva Capital LP cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 86.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,078 shares of the transportation company’s stock after selling 12,993 shares during the period. Centiva Capital LP’s holdings in Expeditors International of Washington were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Black Diamond Financial LLC grew its holdings in shares of Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 89 shares in the last quarter. Blair William & Co. IL lifted its position in Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after buying an additional 104 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after buying an additional 112 shares during the last quarter. Finally, Lindenwold Advisors INC raised its position in shares of Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after buying an additional 114 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $120.41 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.38 and a beta of 0.97. The business’s 50 day moving average price is $120.54 and its 200-day moving average price is $122.12.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company posted $1.16 EPS. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research 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 increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.44.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

About Expeditors International of Washington

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.