Anchor Capital Advisors LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,674 shares of the transportation company’s stock after selling 4,952 shares during the period. Anchor Capital Advisors LLC owned about 0.15% of Expeditors International of Washington worth $15,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EXPD. Neuberger Berman Group LLC increased its holdings in Expeditors International of Washington by 210.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock valued at $1,324,000 after purchasing an additional 15,891 shares in the last quarter. Stifel Financial Corp increased its holdings in Expeditors International of Washington by 5.3% during the 2nd quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock valued at $4,897,000 after purchasing an additional 4,333 shares in the last quarter. Forsta AP Fonden increased its holdings in Expeditors International of Washington by 20.3% during the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after purchasing an additional 31,100 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Expeditors International of Washington by 23.9% during the 2nd quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock valued at $16,862,000 after purchasing an additional 57,521 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at $652,000. 94.44% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on EXPD shares. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, November 9th. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Expeditors International of Washington in a research report on Monday. They issued a “neutral” rating and a $59.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.38.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded down $0.44 during trading hours on Tuesday, hitting $59.41. The stock had a trading volume of 1,113,200 shares, compared to its average volume of 1,117,370. Expeditors International of Washington, Inc. has a 1-year low of $50.45 and a 1-year high of $62.63. The company has a market cap of $10,560.00, a price-to-earnings ratio of 25.04, a P/E/G ratio of 3.13 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 15.3% on a year-over-year basis. equities analysts predict that Expeditors International of Washington, Inc. will post 2.39 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is currently 35.29%.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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