Amica Pension Fund Board of Trustees bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,463 shares of the transportation company’s stock, valued at approximately $387,000.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares during the last quarter. Merriman Wealth Management LLC purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $208,000. Finally, Sigma Planning Corp purchased a new position in Expeditors International of Washington in the third quarter valued at approximately $216,000. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $59.88 on Friday. The stock has a market cap of $10,640.86, a P/E ratio of 25.05, a PEG ratio of 3.12 and a beta of 0.68. Expeditors International of Washington, Inc. has a 1 year low of $51.57 and a 1 year high of $62.63.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. analysts forecast that Expeditors International of Washington, Inc. will post 2.4 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.42 dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.15%.

EXPD has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Credit Suisse Group increased their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. Goldman Sachs Group Inc started coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, Barclays PLC raised their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $59.38.

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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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