Exchange Traded Concepts LLC Boosts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Exchange Traded Concepts LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 227.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,022 shares of the transportation company’s stock after purchasing an additional 8,355 shares during the period. Exchange Traded Concepts LLC’s holdings in Expeditors International of Washington were worth $1,332,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. Marshfield Associates boosted its position in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the period. Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 0.3% in the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after buying an additional 4,044 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Expeditors International of Washington by 6.6% during 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 buying an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Expeditors International of Washington by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock worth $101,756,000 after acquiring an additional 9,007 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America lowered 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 note on Thursday, January 16th. TD Cowen increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Trading Up 2.0 %

EXPD stock opened at $115.29 on Tuesday. The firm has a market cap of $16.14 billion, a P/E ratio of 22.47, a P/E/G ratio of 3.81 and a beta of 0.99. The stock’s 50 day simple moving average is $115.23 and its 200 day simple moving average is $119.57. 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 posted its quarterly earnings results 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 business had revenue of $3 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.