Swedbank AB Has $2.88 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Swedbank AB boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,910 shares of the transportation company’s stock after purchasing an additional 231 shares during the quarter. Swedbank AB’s holdings in Expeditors International of Washington were worth $2,879,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in Expeditors International of Washington during the third quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $52,000. Finally, Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.3 %

NASDAQ EXPD opened at $121.25 on Thursday. The firm’s fifty day moving average price is $121.84 and its two-hundred day moving average price is $121.90. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market capitalization of $16.97 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98.

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, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed 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 presently 28.46%.

Expeditors International of Washington 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.