Archer Investment Corp Acquires Shares of 2,225 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Archer Investment Corp bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,225 shares of the transportation company’s stock, valued at approximately $292,000.

Several other hedge funds also recently made changes to their positions in EXPD. CIBC Asset Management Inc raised its stake in shares of Expeditors International of Washington by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 20,643 shares of the transportation company’s stock worth $2,712,000 after buying an additional 1,532 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in Expeditors International of Washington by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,005 shares of the transportation company’s stock worth $1,183,000 after purchasing an additional 1,371 shares during the last quarter. Huntington National Bank increased its position in Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock worth $241,000 after purchasing an additional 127 shares during the last quarter. KBC Group NV increased its position in Expeditors International of Washington by 3.5% in the 3rd quarter. KBC Group NV now owns 36,267 shares of the transportation company’s stock worth $4,765,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new position in Expeditors International of Washington in the 3rd quarter worth about $302,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXPD shares. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. 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 report on Wednesday, November 6th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Performance

EXPD stock traded up $0.08 during midday trading on Friday, hitting $121.04. 72,674 shares of the company’s stock were exchanged, compared to its average volume of 1,215,597. The stock’s fifty day moving average price is $122.07 and its 200-day moving average price is $121.49. The company has a market cap of $16.94 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 3.43 and a beta of 0.98. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given 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 (DPR) 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.