Park Avenue Securities LLC Has $320,000 Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Park Avenue Securities LLC boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,885 shares of the transportation company’s stock after purchasing an additional 374 shares during the quarter. Park Avenue Securities LLC’s holdings in Expeditors International of Washington were worth $320,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Charles Schwab Investment Management Inc. increased its stake in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington during the third quarter valued at approximately $4,363,000. Franklin Resources Inc. increased its stake in Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Pensionfund Sabic bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings 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 purchasing an additional 10,202 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXPD shares. Barclays boosted their price target 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. TD Cowen boosted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America decreased their price objective 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. Finally, Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $117.44.

Insider Activity at Expeditors International of Washington

In related 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 1.1 %

NASDAQ EXPD opened at $113.01 on Friday. The firm’s 50 day moving average is $115.33 and its 200-day moving average is $119.63. The company has a market capitalization of $15.82 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business earned $1.16 EPS. The company’s revenue was up 37.0% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is presently 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.