Charles Schwab Investment Management Inc. Acquires 51,265 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Charles Schwab Investment Management Inc. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 833,610 shares of the transportation company’s stock after buying an additional 51,265 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Expeditors International of Washington were worth $109,536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swedbank AB purchased a new position in Expeditors International of Washington in the first quarter valued at about $2,954,000. Assenagon Asset Management S.A. lifted its stake in Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after purchasing an additional 70,329 shares during the last quarter. Cetera Advisors LLC bought a new position in Expeditors International of Washington during the first quarter valued at $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after buying an additional 10,202 shares during the last quarter. Finally, Vest Financial LLC raised 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 buying an additional 101,710 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.9 %

Expeditors International of Washington stock opened at $122.39 on Tuesday. The business has a 50-day simple moving average of $121.88 and a 200 day simple moving average of $121.87. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.48 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm posted $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 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. Investors of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Analyst Ratings Changes

EXPD has been the subject of several research reports. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen boosted their price target on shares of 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. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays boosted their target price 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. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $118.44.

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.