Principal Financial Group Inc. Acquires 4,044 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Principal Financial Group Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,161,027 shares of the transportation company’s stock after purchasing an additional 4,044 shares during the quarter. Principal Financial Group Inc. owned about 0.82% of Expeditors International of Washington worth $152,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. ORG Partners LLC grew its stake in shares of Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after acquiring an additional 376 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Expeditors International of Washington by 3.1% during the 1st quarter. Empirical Finance LLC now owns 5,734 shares of the transportation company’s stock worth $697,000 after purchasing an additional 173 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Expeditors International of Washington by 33.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after buying an additional 679 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Expeditors International of Washington by 1,774.4% in the first quarter. Quantbot Technologies LP now owns 29,485 shares of the transportation company’s stock valued at $3,584,000 after buying an additional 27,912 shares during the period. Finally, SG Americas Securities LLC grew its position in Expeditors International of Washington by 439.5% during the first quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock worth $5,317,000 after buying an additional 35,629 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.4 %

NASDAQ EXPD opened at $119.94 on Friday. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $110.01 and a 1-year high of $131.59. The company has a 50 day moving average of $122.45 and a 200-day moving average of $121.27.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. On average, 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 declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 31.33%.

Analyst Ratings Changes

A number of analysts have commented on EXPD shares. Wolfe Research downgraded 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. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to 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.