Arjuna Capital Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Arjuna Capital lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,025 shares of the transportation company’s stock after selling 88 shares during the quarter. Arjuna Capital’s holdings in Expeditors International of Washington were worth $2,631,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EXPD. Envestnet Portfolio Solutions Inc. grew its holdings in Expeditors International of Washington by 33.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after buying an additional 679 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Expeditors International of Washington by 10.6% during the first quarter. Atomi Financial Group Inc. now owns 1,753 shares of the transportation company’s stock worth $213,000 after purchasing an additional 168 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Expeditors International of Washington by 11.0% during the first quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock worth $4,532,000 after purchasing an additional 3,687 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Expeditors International of Washington by 26.3% during the first quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock worth $133,116,000 after purchasing an additional 227,816 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Expeditors International of Washington by 11.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 201,494 shares of the transportation company’s stock worth $24,496,000 after purchasing an additional 20,950 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen boosted their price objective 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. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Bank of America boosted their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.00.

Expeditors International of Washington Price Performance

EXPD stock traded down $0.56 during midday trading on Wednesday, hitting $118.19. The stock had a trading volume of 36,958 shares, compared to its average volume of 1,215,514. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.48 and a beta of 0.98. The business has a 50-day moving average of $122.22 and a two-hundred day moving average of $121.51. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

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 analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 37.0% on a year-over-year basis. Research analysts predict that Expeditors International of Washington, Inc. will post 5.3 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 currently 28.46%.

Expeditors International of Washington Company 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.