Nordea Investment Management AB Grows Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nordea Investment Management AB increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 568,255 shares of the transportation company’s stock after purchasing an additional 59,086 shares during the period. Nordea Investment Management AB’s holdings in Expeditors International of Washington were worth $63,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Black Diamond Financial LLC raised its position in shares of Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL raised its holdings in Expeditors International of Washington by 1.2% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares in the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Expeditors International of Washington by 0.7% during the 3rd 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 last quarter. Finally, Guardian Wealth Advisors LLC grew its position in shares of Expeditors International of Washington by 5.9% in the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXPD. Barclays boosted their price objective 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. 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. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $111.39 on Wednesday. The company’s 50 day simple moving average is $117.47 and its 200-day simple moving average is $120.70. Expeditors International of Washington, Inc. has a 1 year low of $109.43 and a 1 year high of $131.59. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 3.42 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 37.0% compared to the same quarter last year. 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 announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Expeditors International of Washington Company 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.