Caisse DE Depot ET Placement DU Quebec Sells 270,192 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 72.9% during the third quarter, Holdings Channel reports. The fund owned 100,471 shares of the transportation company’s stock after selling 270,192 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Expeditors International of Washington were worth $13,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Black Diamond Financial LLC raised its stake in Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 89 shares during the period. Blair William & Co. IL raised its stake in Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the period. Values First Advisors Inc. raised its stake in Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after acquiring an additional 112 shares during the period. Finally, Lindenwold Advisors INC raised its stake in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after acquiring an additional 114 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Barclays increased their price objective on 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. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The stock has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a PEG ratio of 3.45 and a beta of 0.98. The stock’s fifty day moving average is $121.68 and its 200 day moving average is $121.95.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) 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.