Engineers Gate Manager LP boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 201.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 54,211 shares of the transportation company’s stock after acquiring an additional 36,252 shares during the quarter. Engineers Gate Manager LP’s holdings in Expeditors International of Washington were worth $3,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Great West Life Assurance Co. Can lifted its position in Expeditors International of Washington by 34.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 225,298 shares of the transportation company’s stock worth $12,705,000 after acquiring an additional 57,670 shares during the period. Rothschild Asset Management Inc. lifted its position in Expeditors International of Washington by 12.8% during the 2nd quarter. Rothschild Asset Management Inc. now owns 12,034 shares of the transportation company’s stock worth $680,000 after acquiring an additional 1,365 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Expeditors International of Washington by 10.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the transportation company’s stock valued at $297,000 after buying an additional 500 shares during the period. Korea Investment CORP lifted its holdings in shares of Expeditors International of Washington by 73.1% in the 2nd quarter. Korea Investment CORP now owns 123,560 shares of the transportation company’s stock valued at $6,979,000 after buying an additional 52,165 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Expeditors International of Washington by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 87,353 shares of the transportation company’s stock valued at $4,934,000 after buying an additional 286 shares during the period. 93.76% of the stock is owned by institutional investors.

EXPD has been the subject of several analyst reports. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Barclays boosted their price objective on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective for the company. Finally, Credit Suisse Group boosted their price objective on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.34 on Thursday. The stock has a market capitalization of $11,515.14, a PE ratio of 27.11, a PEG ratio of 3.38 and a beta of 0.72. Expeditors International of Washington, Inc. has a fifty-two week low of $51.57 and a fifty-two week high of $66.01.

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

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

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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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