LGT Financial Advisors LLC Decreases Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

LGT Financial Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 47.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 334 shares of the transportation company’s stock after selling 298 shares during the period. LGT Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of Expeditors International of Washington in the 1st quarter worth about $2,954,000. Banco Santander S.A. boosted its position in shares of Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after buying an additional 52,603 shares during the period. Magnetar Financial LLC bought a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $1,305,000. Assenagon Asset Management S.A. raised its holdings in shares of Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after buying an additional 70,329 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Expeditors International of Washington by 439.5% during the 1st quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock worth $5,317,000 after acquiring an additional 35,629 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 2.1 %

Shares of EXPD stock opened at $119.41 on Thursday. The company has a market cap of $16.85 billion, a PE ratio of 25.83, a PEG ratio of 5.08 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.59. The business’s fifty day simple moving average is $122.56 and its 200-day simple moving average is $121.29.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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 issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 31.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America raised their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.00.

About Expeditors International of Washington

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.