Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 3,266 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,023 shares of the transportation company’s stock after acquiring an additional 3,266 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Expeditors International of Washington were worth $3,215,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Expeditors International of Washington by 12.0% during the third 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 buying an additional 257,791 shares in the last quarter. Marshfield Associates raised its position in Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Principal Financial Group Inc. boosted its stake in 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 worth $152,559,000 after purchasing an additional 4,044 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Expeditors International of Washington by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after buying an additional 9,007 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $115.29 on Tuesday. The firm’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 fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 analyst estimates of $2.47 billion. During the same period last year, the business posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders 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 yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EXPD shares. Bank of America decreased their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Barclays boosted their target price 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. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $117.44.

Insider Buying and Selling at Expeditors International of Washington

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

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.