Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,614 shares of the transportation company’s stock after selling 1,074 shares during the period. Assetmark Inc. owned approximately 0.28% of Expeditors International of Washington worth $52,115,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at about $31,000. Family Firm Inc. purchased a new stake in Expeditors International of Washington during the second quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington during the second quarter worth about $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $120.06 on Friday. The stock has a market capitalization of $16.81 billion, a P/E ratio of 23.40, a P/E/G ratio of 3.56 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The firm’s 50-day moving average is $122.39 and its two-hundred day moving average is $121.37.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.16 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given 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 dividend payout ratio (DPR) is presently 28.46%.

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. Finally, Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.00.

Expeditors International of Washington Company Profile

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.