Quantinno Capital Management LP Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quantinno Capital Management LP lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 23.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,879 shares of the transportation company’s stock after purchasing an additional 5,730 shares during the quarter. Quantinno Capital Management LP’s holdings in Expeditors International of Washington were worth $3,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after buying an additional 51,265 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after acquiring an additional 70,329 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at about $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after purchasing an additional 10,202 shares during the period. Finally, Vest Financial LLC raised its stake in shares of Expeditors International of Washington by 34.3% in the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock worth $49,674,000 after purchasing an additional 101,710 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXPD. TD Cowen upped their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $119.28 on Monday. The company has a 50 day moving average price of $121.01 and a 200-day moving average price of $122.08. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently declared 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 dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

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.