KBC Group NV Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 51.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 63,170 shares of the transportation company’s stock after selling 66,144 shares during the period. KBC Group NV’s holdings in Expeditors International of Washington were worth $8,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Jump Financial LLC lifted its holdings in Expeditors International of Washington by 47.1% in the 3rd quarter. Jump Financial LLC now owns 5,772 shares of the transportation company’s stock valued at $662,000 after purchasing an additional 1,849 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Expeditors International of Washington by 34.3% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,759 shares of the transportation company’s stock worth $316,000 after acquiring an additional 705 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in shares of Expeditors International of Washington by 4.6% in the 3rd quarter. Soltis Investment Advisors LLC now owns 2,247 shares of the transportation company’s stock worth $258,000 after acquiring an additional 99 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Expeditors International of Washington by 4.7% in the 3rd quarter. D.A. Davidson & CO. now owns 36,026 shares of the transportation company’s stock worth $4,130,000 after acquiring an additional 1,602 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Expeditors International of Washington by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 31,376 shares of the transportation company’s stock worth $3,597,000 after acquiring an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent research reports. Stifel Nicolaus raised their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Susquehanna raised their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $111.25.

Check Out Our Latest Stock Report on Expeditors International of Washington

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $126.30 on Thursday. The company has a market cap of $17.84 billion, a P/E ratio of 25.92, a P/E/G ratio of 6.64 and a beta of 0.99. The stock has a 50-day moving average of $117.07 and a two-hundred day moving average of $121.16. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

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

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 30.93%.

About Expeditors International of Washington

(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.

See Also

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

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