2,063 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,063 shares of the transportation company’s stock, valued at approximately $262,000.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Bank of America began coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. Stifel Nicolaus boosted 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. Finally, Susquehanna raised 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 research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $111.25.

Check Out Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $125.55 on Friday. The stock has a market cap of $17.73 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 6.64 and a beta of 0.99. The firm has a 50 day moving average price of $117.25 and a two-hundred day moving average price of $121.23. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 4.88 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders 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 represents a yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by corporate insiders.

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.

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

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