Sheets Smith Wealth Management increased its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,000 shares of the transportation company’s stock after purchasing an additional 1,000 shares during the quarter. Sheets Smith Wealth Management’s holdings in Expeditors International of Washington were worth $2,792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group increased its stake in Expeditors International of Washington by 51.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,337 shares of the transportation company’s stock worth $98,000 after purchasing an additional 456 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $113,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Expeditors International of Washington by 104.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock worth $152,000 after acquiring an additional 1,061 shares in the last quarter. MainStreet Investment Advisors LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $198,000. Finally, Summit Asset Management LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $200,000. 93.25% of the stock is owned by institutional investors and hedge funds.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 2,371 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $73.67, for a total transaction of $174,671.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey S. Musser sold 30,000 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $75.95, for a total value of $2,278,500.00. The disclosure for this sale can be found here. Insiders sold 37,371 shares of company stock valued at $2,820,772 over the last three months. 0.99% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on EXPD shares. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Deutsche Bank set a $72.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Goldman Sachs Group cut shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a research note on Friday, December 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $69.33.

Shares of NASDAQ:EXPD traded down $0.20 during midday trading on Friday, hitting $68.53. The stock had a trading volume of 50,343 shares, compared to its average volume of 1,153,898. Expeditors International of Washington has a 12 month low of $59.10 and a 12 month high of $78.16. The stock has a market capitalization of $11.85 billion, a PE ratio of 27.65, a P/E/G ratio of 2.51 and a beta of 0.85.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Research analysts predict that Expeditors International of Washington will post 3.29 EPS for the current year.

The company also recently announced a semiannual dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 30th. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.42. This represents a dividend yield of 1.23%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 36.29%.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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