Wahed Invest LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wahed Invest LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,427 shares of the transportation company’s stock, valued at approximately $450,000.

Several other hedge funds have also bought and sold shares of the company. Hara Capital LLC bought a new stake in Expeditors International of Washington in the third quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the second quarter worth $52,000. Finally, Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the third quarter valued at $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Expeditors International of Washington Trading Down 1.0 %

NASDAQ EXPD opened at $119.25 on Friday. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.44 and a beta of 0.97. The company has a 50 day moving average of $121.01 and a 200-day moving average of $122.01. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 payout ratio is 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.