UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $315.49 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,400,949 shares of the transportation company’s stock after buying an additional 257,791 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Expeditors International of Washington were worth $315,485,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPD. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the second quarter valued at $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $52,000. Finally, Maia Wealth LLC bought a new stake in Expeditors International of Washington during the 3rd quarter worth about $59,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $121.64 on Friday. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 3.44 and a beta of 0.98. The company has a fifty day moving average price of $121.71 and a two-hundred day moving average price of $121.89.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

EXPD has been the topic of a number of recent research reports. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report 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 data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target 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.