Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 386,322 shares of the transportation company’s stock after selling 1,549 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Expeditors International of Washington were worth $50,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Envestnet Portfolio Solutions Inc. raised its stake in Expeditors International of Washington by 33.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 679 shares during the last quarter. Sei Investments Co. raised its stake in Expeditors International of Washington by 11.0% during the 1st quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock valued at $4,532,000 after acquiring an additional 3,687 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at approximately $1,629,000. Blair William & Co. IL raised its stake in Expeditors International of Washington by 4.7% during the 1st quarter. Blair William & Co. IL now owns 7,681 shares of the transportation company’s stock valued at $934,000 after acquiring an additional 347 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Expeditors International of Washington by 3.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 63,038 shares of the transportation company’s stock valued at $7,664,000 after acquiring an additional 2,368 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.7 %

Shares of NASDAQ:EXPD opened at $120.12 on Friday. The company has a market cap of $16.81 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The business has a fifty day simple moving average of $122.06 and a 200-day simple moving average of $121.54.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Analyst Ratings Changes

EXPD has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.