Neuberger Berman Group LLC raised its stake in Expeditors International of Washington (NASDAQ:EXPD) by 1,326.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334,400 shares of the transportation company’s stock after purchasing an additional 310,958 shares during the period. Neuberger Berman Group LLC owned 0.19% of Expeditors International of Washington worth $20,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in Expeditors International of Washington by 4.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 855,302 shares of the transportation company’s stock worth $48,308,000 after acquiring an additional 32,640 shares in the last quarter. Legal & General Group Plc boosted its holdings in Expeditors International of Washington by 8.0% in the second quarter. Legal & General Group Plc now owns 1,092,211 shares of the transportation company’s stock worth $61,680,000 after acquiring an additional 80,597 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in Expeditors International of Washington in the second quarter worth about $256,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Expeditors International of Washington by 3.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 563,779 shares of the transportation company’s stock worth $31,842,000 after acquiring an additional 19,730 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Expeditors International of Washington by 21.6% in the second quarter. Victory Capital Management Inc. now owns 46,247 shares of the transportation company’s stock worth $2,612,000 after acquiring an additional 8,208 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.78% of the company’s stock.

Several equities research analysts have weighed in on EXPD shares. Barclays raised their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Thursday, November 9th. UBS Group raised their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Goldman Sachs Group started coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target for the company. Finally, Cowen raised their price target on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.38.

Shares of Expeditors International of Washington (EXPD) opened at $64.77 on Friday. Expeditors International of Washington has a twelve month low of $51.57 and a twelve month high of $66.01. The company has a market capitalization of $11,399.63, a PE ratio of 26.84, a P/E/G ratio of 3.34 and a beta of 0.72.

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

The company also recently announced a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.42 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) 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.

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

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