Jackson Square Partners LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,047,037 shares of the transportation company’s stock after purchasing an additional 30,224 shares during the period. Jackson Square Partners LLC owned about 0.59% of Expeditors International of Washington worth $62,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXPD. Mosaic Family Wealth LLC lifted its position in shares of Expeditors International of Washington by 3.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 93 shares during the period. First Allied Advisory Services Inc. lifted its position in shares of Expeditors International of Washington by 0.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock valued at $752,000 after acquiring an additional 97 shares during the period. Sentry Investment Management LLC lifted its position in shares of Expeditors International of Washington by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 11,578 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 116 shares during the period. Wetherby Asset Management Inc. lifted its position in shares of Expeditors International of Washington by 2.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 7,017 shares of the transportation company’s stock valued at $396,000 after acquiring an additional 186 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Expeditors International of Washington by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 93.76% of the company’s stock.

A number of equities research analysts have recently issued reports on EXPD shares. Cowen reiterated a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Barclays raised their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Credit Suisse Group raised their price objective on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 8th. Finally, UBS raised their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.38.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.18 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $51.57 and a 12 month high of $66.01. The firm has a market cap of $11,433.40, a P/E ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations 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 was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The company also recently announced a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid 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 currently 35.15%.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, November 28th. The shares were 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 available through this hyperlink. 0.78% of the stock is currently owned by insiders.

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Expeditors International of Washington Profile

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.

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

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