Parametrica Management Ltd Takes $302,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Parametrica Management Ltd purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,300 shares of the transportation company’s stock, valued at approximately $302,000.

Several other large investors have also recently modified their holdings of EXPD. Hara Capital LLC bought a new position in Expeditors International of Washington during the third quarter worth $26,000. Crewe Advisors LLC bought a new position in Expeditors International of Washington during the first quarter worth $25,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the second quarter worth $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the second quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington during the second quarter worth $52,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded down $0.29 during mid-day trading on Wednesday, reaching $118.46. 65,274 shares of the company’s stock traded hands, compared to its average volume of 1,215,643. The stock has a market cap of $16.58 billion, a P/E ratio of 23.30, a PEG ratio of 3.48 and a beta of 0.98. The business has a 50-day simple moving average of $122.22 and a 200 day simple moving average of $121.51. 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 issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 7.39% and a return on equity of 32.12%. The business’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.3 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared 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. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is currently 28.46%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXPD shares. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.00.

Expeditors International of Washington 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.