Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,912 shares of the transportation company’s stock after selling 383 shares during the quarter. Fifth Third Bancorp’s holdings in Expeditors International of Washington were worth $766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares in the last quarter. Lindenwold Advisors INC boosted its holdings in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after acquiring an additional 114 shares during the period. Guardian Wealth Advisors LLC raised its stake in shares of Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares during the period. Huntington National Bank lifted its position in shares of Expeditors International of Washington by 7.4% during the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock worth $241,000 after purchasing an additional 127 shares in the last quarter. Finally, Nicollet Investment Management Inc. boosted its stake in shares of Expeditors International of Washington by 1.2% in the third quarter. Nicollet Investment Management Inc. now owns 10,826 shares of the transportation company’s stock valued at $1,423,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on EXPD. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Up 0.2 %

EXPD stock opened at $114.39 on Thursday. The stock has a market cap of $16.01 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. The firm’s 50-day simple moving average is $115.07 and its 200 day simple moving average is $119.49. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

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.