4,531 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,531 shares of the transportation company’s stock, valued at approximately $595,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new position in Expeditors International of Washington in the third quarter worth approximately $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the second quarter worth $35,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expeditors International of Washington during the second quarter worth $52,000. Finally, Maia Wealth LLC purchased a new position in shares of Expeditors International of Washington during the third quarter worth $59,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 1.0 %

NASDAQ:EXPD opened at $119.25 on Friday. The firm has a market cap of $16.69 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97. The stock has a fifty day moving average price of $121.01 and a 200 day moving average price of $122.01. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59.

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 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen raised their price target 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. Finally, Barclays raised their price target on 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. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $118.44.

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.