Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Lindenwold Advisors INC

Lindenwold Advisors INC lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,713 shares of the transportation company’s stock after acquiring an additional 114 shares during the quarter. Expeditors International of Washington accounts for 1.1% of Lindenwold Advisors INC’s investment portfolio, making the stock its 29th largest position. Lindenwold Advisors INC’s holdings in Expeditors International of Washington were worth $2,196,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. grew 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 worth $4,532,000 after purchasing an additional 3,687 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Expeditors International of Washington by 4.7% during the first quarter. Blair William & Co. IL now owns 7,681 shares of the transportation company’s stock worth $934,000 after buying an additional 347 shares during the period. Edgestream Partners L.P. acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $2,127,000. Meritage Group LP purchased a new position in Expeditors International of Washington in the first quarter worth approximately $316,000. Finally, Crewe Advisors LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $25,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 0.2 %

Shares of EXPD stock opened at $120.37 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The business has a fifty day simple moving average of $122.01 and a 200-day simple moving average of $121.72. The stock has a market cap of $16.85 billion, a P/E ratio of 23.46, a P/E/G ratio of 3.45 and a beta of 0.98.

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, 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 for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen upped their price objective on 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. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America upped their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, 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. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company 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.