Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,077 shares of the transportation company’s stock after selling 2,301 shares during the period. Allianz Asset Management GmbH’s holdings in Expeditors International of Washington were worth $6,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Norges Bank acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $74,763,000. TD Asset Management Inc grew its holdings in Expeditors International of Washington by 51.9% during the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after acquiring an additional 296,186 shares in the last quarter. Invesco Ltd. raised its stake in shares of Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after purchasing an additional 273,388 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after purchasing an additional 222,846 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Expeditors International of Washington by 36.6% in the third quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after purchasing an additional 176,270 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the topic of several research reports. Bank of America assumed coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective on the stock. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Susquehanna lifted their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.25.

Read Our Latest Stock Analysis on Expeditors International of Washington

Expeditors International of Washington Stock Up 0.9 %

Shares of NASDAQ:EXPD opened at $122.32 on Wednesday. The company’s 50-day moving average price is $117.07 and its 200 day moving average price is $121.16. The company has a market cap of $17.28 billion, a PE ratio of 25.68, a P/E/G ratio of 6.58 and a beta of 0.99. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.88 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Expeditors International of Washington Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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