BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,782 shares of the transportation company’s stock after buying an additional 16,910 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.05% of Expeditors International of Washington worth $5,554,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after acquiring an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after acquiring an additional 471 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington during the third quarter worth $208,000. Finally, Pacer Advisors Inc. increased its stake in Expeditors International of Washington by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock worth $212,000 after acquiring an additional 286 shares during the last quarter. 93.76% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a research note on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective for the company. UBS lifted their price objective on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Credit Suisse Group lifted their price objective on 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. Finally, Cowen lifted their price objective on Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.78% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.35 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $51.57 and a one year high of $66.01. The firm has a market capitalization of $11,401.41, a price-to-earnings ratio of 26.84, a PEG ratio of 3.34 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, beating 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 return on equity of 22.32% and a net margin of 6.50%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. research analysts predict that Expeditors International of Washington, Inc. will post 2.4 EPS for the current fiscal year.

The business also recently announced 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 is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 35.15%.

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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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