Raymond James Trust N.A. Increases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Raymond James Trust N.A. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,332 shares of the transportation company’s stock after purchasing an additional 129 shares during the quarter. Raymond James Trust N.A.’s holdings in Expeditors International of Washington were worth $832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 51,265 shares during the period. Banco Santander S.A. lifted its holdings in shares of Expeditors International of Washington by 5.9% in the 3rd quarter. Banco Santander S.A. now owns 110,436 shares of the transportation company’s stock valued at $14,511,000 after buying an additional 6,104 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Expeditors International of Washington by 50.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 210,227 shares of the transportation company’s stock valued at $27,624,000 after buying an additional 70,174 shares during the period. Moran Wealth Management LLC lifted its holdings in shares of Expeditors International of Washington by 0.5% in the 3rd quarter. Moran Wealth Management LLC now owns 56,628 shares of the transportation company’s stock valued at $7,441,000 after buying an additional 290 shares during the period. Finally, Portfolio Design Labs LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $2,010,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXPD shares. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. 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 research report on Wednesday, November 6th. Finally, Wolfe Research downgraded 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, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $121.32 on Monday. The stock’s 50-day moving average is $121.86 and its 200-day moving average is $121.84. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 3.47 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was up 37.0% on a year-over-year basis. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Announces Dividend

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 given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) 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.