UMB Bank n.a. Decreases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UMB Bank n.a. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 20.9% during the fourth quarter, Holdings Channel reports. The fund owned 717 shares of the transportation company’s stock after selling 189 shares during the period. UMB Bank n.a.’s holdings in Expeditors International of Washington were worth $79,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington in the third quarter valued at $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXPD. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen upped their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Barclays lifted their price target on shares of 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. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.44.

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 transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 1.1 %

Expeditors International of Washington stock opened at $113.01 on Friday. The stock has a 50 day moving average of $115.33 and a two-hundred day moving average of $119.62. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.81 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued 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 presently 28.46%.

About Expeditors International of Washington

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.