Gladius Capital Management LP Acquires Shares of 1,773 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Gladius Capital Management LP bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, Holdings Channel.com reports. The fund bought 1,773 shares of the transportation company’s stock, valued at approximately $233,000.

A number of other institutional investors have also modified their holdings of EXPD. Swedbank AB bought a new stake in Expeditors International of Washington in the first quarter valued at about $2,954,000. Magnetar Financial LLC bought a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $1,305,000. Assenagon Asset Management S.A. raised its position in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after acquiring an additional 70,329 shares in the last quarter. Cetera Advisors LLC bought a new position in Expeditors International of Washington during the first quarter worth $729,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted 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.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen raised their price target 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. Finally, Wolfe Research lowered 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 assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $120.16 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The business’s fifty day moving average is $122.06 and its 200-day moving average is $121.61. The stock has a market cap of $16.82 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98.

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, topping 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 quarter in the previous year, the company posted $1.16 EPS. The business’s revenue was up 37.0% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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