Natixis Advisors LLC Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Natixis Advisors LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 629,033 shares of the transportation company’s stock after selling 382 shares during the quarter. Natixis Advisors LLC owned approximately 0.45% of Expeditors International of Washington worth $82,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after acquiring an additional 82,107 shares in the last quarter. Marshfield Associates grew its holdings in shares of Expeditors International of Washington by 0.3% during the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock worth $226,013,000 after purchasing an additional 5,712 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after purchasing an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expeditors International of Washington by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after purchasing an additional 85,393 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPD. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen increased their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Barclays raised 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. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.7 %

NASDAQ EXPD opened at $120.16 on Friday. The business’s 50 day moving average is $122.06 and its two-hundred day moving average is $121.61. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.43 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 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.