Edgestream Partners L.P. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Edgestream Partners L.P. purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,075 shares of the transportation company’s stock, valued at approximately $930,000.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Assenagon Asset Management S.A. raised its stake in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after buying an additional 70,329 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Expeditors International of Washington by 58.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after purchasing an additional 10,202 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Expeditors International of Washington by 34.3% in the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock valued at $49,674,000 after purchasing an additional 101,710 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.1 %

Shares of EXPD stock opened at $121.22 on Thursday. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.45 and a beta of 0.97. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a 50-day moving average price of $121.46 and a 200 day moving average price of $122.03.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company earned $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business 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 $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen raised their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays boosted their target price 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. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $118.44.

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.