Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,436 shares of the transportation company’s stock after purchasing an additional 6,104 shares during the quarter. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $14,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its stake in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after purchasing an additional 308,390 shares during the period. International Assets Investment Management LLC increased its position in Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Expeditors International of Washington by 140.2% during the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after purchasing an additional 227,671 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $118.89 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The stock has a market cap of $16.64 billion, a P/E ratio of 23.01, a PEG ratio of 3.39 and a beta of 0.98. The firm has a 50-day moving average of $121.86 and a two-hundred day moving average of $121.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Wall Street Analyst Weigh In

EXPD has been the topic of several research reports. TD Cowen increased their target price 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $118.44.

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.