Nordea Investment Management AB grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,574 shares of the transportation company’s stock after buying an additional 4,637 shares during the period. Nordea Investment Management AB’s holdings in Expeditors International of Washington were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Amica Pension Fund Board of Trustees acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $387,000. Amica Mutual Insurance Co. bought a new stake in Expeditors International of Washington in the 3rd quarter valued at $524,000. TD Asset Management Inc. lifted its position in Expeditors International of Washington by 22.1% in the 3rd quarter. TD Asset Management Inc. now owns 557,625 shares of the transportation company’s stock valued at $33,379,000 after acquiring an additional 101,005 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Expeditors International of Washington by 1.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 55,006 shares of the transportation company’s stock valued at $3,293,000 after acquiring an additional 957 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Expeditors International of Washington by 7.6% in the 3rd quarter. Norinchukin Bank The now owns 13,452 shares of the transportation company’s stock valued at $805,000 after acquiring an additional 949 shares in the last quarter. 93.76% of the stock is owned by institutional investors.

EXPD has been the topic of several research reports. Stifel Nicolaus reaffirmed 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. Barclays boosted their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Cowen reaffirmed a “market perform” rating and issued a $58.00 price objective (up from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th. Credit Suisse Group boosted their price objective on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research report on Wednesday, November 8th. Finally, UBS boosted their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.38.

In other news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.46 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $51.57 and a 52-week high of $66.01. The company has a market cap of $11,433.40, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72.

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

The firm also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.42 per share. 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 presently 35.15%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/12/09/expeditors-international-of-washington-inc-expd-shares-bought-by-nordea-investment-management-ab.html.

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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD).

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

Receive News & Stock Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related stocks with our FREE daily email newsletter.