Public Sector Pension Investment Board Purchases 1,000 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Public Sector Pension Investment Board lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the transportation company’s stock after purchasing an additional 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Expeditors International of Washington were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EXPD. Black Diamond Financial LLC boosted its stake in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the period. Values First Advisors Inc. raised its position in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 112 shares in the last quarter. Finally, Lindenwold Advisors INC lifted its stake in Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after purchasing an additional 114 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 1.0 %

Shares of NASDAQ EXPD opened at $119.28 on Friday. The firm’s 50-day simple moving average is $121.01 and its 200 day simple moving average is $122.04. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97. 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 announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The company 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%. The company’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EXPD shares. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus 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.