Arjuna Capital Sells 88 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Arjuna Capital lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 20,025 shares of the transportation company’s stock after selling 88 shares during the quarter. Arjuna Capital’s holdings in Expeditors International of Washington were worth $2,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPD. Envestnet Portfolio Solutions Inc. increased its position in Expeditors International of Washington by 33.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 679 shares during the period. Atomi Financial Group Inc. increased its position in Expeditors International of Washington by 10.6% during the 1st quarter. Atomi Financial Group Inc. now owns 1,753 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 168 shares during the period. Sei Investments Co. increased its position in Expeditors International of Washington by 11.0% during the 1st quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock valued at $4,532,000 after purchasing an additional 3,687 shares during the period. TD Asset Management Inc grew its position in shares of Expeditors International of Washington by 26.3% during the 1st quarter. TD Asset Management Inc now owns 1,094,976 shares of the transportation company’s stock worth $133,116,000 after buying an additional 227,816 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Expeditors International of Washington by 11.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 201,494 shares of the transportation company’s stock worth $24,496,000 after buying an additional 20,950 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EXPD. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen raised their price objective on shares of 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.00.

Expeditors International of Washington Stock Down 0.5 %

NASDAQ:EXPD traded down $0.56 during trading hours on Wednesday, hitting $118.19. 36,958 shares of the company traded hands, compared to its average volume of 1,215,514. The firm’s 50-day simple moving average is $122.22 and its 200-day simple moving average is $121.51. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The company has a market cap of $16.54 billion, a PE ratio of 23.30, a PEG ratio of 3.48 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business earned $1.16 EPS. The business’s revenue was up 37.0% on a year-over-year basis. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.3 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

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.