Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.1% in the third quarter, Holdings Channel.com reports. The fund owned 17,285 shares of the transportation company’s stock after buying an additional 1,731 shares during the period. Daiwa Securities Group Inc.’s holdings in Expeditors International of Washington were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in Expeditors International of Washington by 27.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,463 shares of the transportation company’s stock worth $178,000 after buying an additional 319 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Expeditors International of Washington by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,172 shares of the transportation company’s stock worth $23,728,000 after buying an additional 2,724 shares during the last quarter. Janus Henderson Group PLC grew its stake in Expeditors International of Washington by 9.0% during the 1st quarter. Janus Henderson Group PLC now owns 27,573 shares of the transportation company’s stock worth $3,352,000 after buying an additional 2,288 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Expeditors International of Washington by 22.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,917 shares of the transportation company’s stock worth $334,000 after buying an additional 541 shares during the last quarter. Finally, Swedbank AB bought a new position in Expeditors International of Washington during the 1st quarter worth $2,954,000. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on EXPD shares. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen upped their price objective on 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 increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. UBS Group raised 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. 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 given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Down 0.3 %

Shares of Expeditors International of Washington stock opened at $121.25 on Friday. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98. The business has a fifty day simple moving average of $121.80 and a 200-day simple moving average of $121.89. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Analysts anticipate 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 company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 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.