Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.9% in the fourth quarter, HoldingsChannel reports. The firm owned 11,051 shares of the transportation company’s stock after buying an additional 1,832 shares during the period. Gateway Investment Advisers LLC’s holdings in Expeditors International of Washington were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the third quarter worth $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP grew its stake in Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $110.28 on Friday. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. The firm has a 50 day simple moving average of $116.06 and a 200-day simple moving average of $119.96. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 28.46%.

Analysts Set New Price Targets

Several research firms have issued reports on EXPD. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” 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. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday. Finally, 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 note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $117.11.

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.