Janney Montgomery Scott LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Janney Montgomery Scott LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 101,282 shares of the transportation company’s stock, valued at approximately $11,219,000.

A number of other hedge funds have also recently made changes to their positions in EXPD. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington in the third quarter worth approximately $57,000. Maia Wealth LLC acquired a new position in shares of Expeditors International of Washington in the third quarter worth approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares during the period. Finally, Quarry LP lifted its stake in shares of Expeditors International of Washington by 315.6% in the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after acquiring an additional 426 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted 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. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday. Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, TD Cowen lifted 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. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Stock Down 1.1 %

NASDAQ EXPD opened at $113.01 on Monday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The business has a 50 day moving average price of $115.33 and a 200-day moving average price of $119.62.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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