Claro Advisors LLC Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Claro Advisors LLC boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,960 shares of the transportation company’s stock after purchasing an additional 1,038 shares during the quarter. Claro Advisors LLC’s holdings in Expeditors International of Washington were worth $915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in Expeditors International of Washington in the first quarter worth approximately $25,000. Hara Capital LLC purchased a new position in Expeditors International of Washington during the third quarter valued at $26,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington during the second quarter valued at $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington during the second quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington during the second quarter valued at $52,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $120.16 on Monday. The company has a fifty day moving average of $122.06 and a two-hundred day moving average of $121.67. The stock has a market capitalization of $16.82 billion, a PE ratio of 23.42, a P/E/G ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders 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 of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

About Expeditors International of Washington

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.