Sigma Planning Corp Sells 343 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sigma Planning Corp reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,261 shares of the transportation company’s stock after selling 343 shares during the quarter. Sigma Planning Corp’s holdings in Expeditors International of Washington were worth $429,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake 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 worth $332,000 after purchasing an additional 679 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Expeditors International of Washington by 11.0% in the first quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock valued at $4,532,000 after buying an additional 3,687 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Expeditors International of Washington during the first quarter worth $1,629,000. Blair William & Co. IL raised its holdings in shares of Expeditors International of Washington by 4.7% during the first quarter. Blair William & Co. IL now owns 7,681 shares of the transportation company’s stock worth $934,000 after acquiring an additional 347 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Expeditors International of Washington by 3.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 63,038 shares of the transportation company’s stock valued at $7,664,000 after acquiring an additional 2,368 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research reports. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Trading Down 0.7 %

NASDAQ EXPD opened at $120.12 on Friday. The firm’s fifty day moving average price is $122.06 and its two-hundred day moving average price is $121.54. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market capitalization of $16.81 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 3.43 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating 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% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal 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 dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 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.