Harel Insurance Investments & Financial Services Ltd. Sells 276 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,138 shares of the transportation company’s stock after selling 276 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Expeditors International of Washington were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Expeditors International of Washington by 6.6% in 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 period. Point72 Asset Management L.P. purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Franklin Resources Inc. increased its position in Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic purchased a new position in Expeditors International of Washington during the fourth quarter valued at $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after acquiring an additional 10,202 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.1 %

EXPD stock opened at $113.01 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The stock has a market cap of $15.82 billion, a P/E ratio of 22.03, a PEG ratio of 3.81 and a beta of 0.99. The business’s 50-day moving average price is $115.33 and its 200-day moving average price is $119.63.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday. Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $117.44.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

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.