Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 3,266 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,023 shares of the transportation company’s stock after buying an additional 3,266 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Expeditors International of Washington were worth $3,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP boosted its holdings in Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after purchasing an additional 426 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Bank of America reduced their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.44.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $115.29 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 3.81 and a beta of 0.99. The business has a fifty day simple moving average of $115.23 and a two-hundred day simple moving average of $119.57.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

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.