Daniel Devine & Co reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,485 shares of the transportation company’s stock after selling 3,950 shares during the quarter. Daniel Devine & Co’s holdings in Expeditors International of Washington were worth $687,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in Expeditors International of Washington by 10,555.6% during the 3rd 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 in the last quarter. Mosaic Family Wealth LLC increased its stake in 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 purchasing an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 22.1% during the 2nd 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 in the last quarter. Merriman Wealth Management LLC bought a new stake in Expeditors International of Washington during the 3rd quarter valued at about $208,000. Finally, Pacer Advisors Inc. increased its stake in 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 purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.80 on Thursday. The stock has a market cap of $11,435.17, a PE ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a 1-year low of $51.57 and a 1-year high of $66.01.

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

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

EXPD has been the subject of a number of analyst reports. Credit Suisse Group raised 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 note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, November 9th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 price objective for the company. UBS raised 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 note on Wednesday, November 8th. Finally, Cowen reaffirmed a “market perform” rating and set a $58.00 price target (up previously from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Two research 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 stock has an average rating of “Hold” and a consensus target price of $59.38.

In other news, insider Eugene K. Alger sold 10,269 shares of the firm’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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

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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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