Avanza Fonder AB Takes $1.72 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Avanza Fonder AB purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, Holdings Channel reports. The fund purchased 15,500 shares of the transportation company’s stock, valued at approximately $1,717,000.

Several other hedge funds have also added to or reduced their stakes in EXPD. Dimensional Fund Advisors LP lifted its position in Expeditors International of Washington by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after purchasing an additional 85,393 shares during the period. Blair William & Co. IL lifted its stake in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 61,105 shares of the transportation company’s stock worth $7,625,000 after purchasing an additional 711 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Expeditors International of Washington by 6.4% during the second quarter. Canada Pension Plan Investment Board now owns 37,663 shares of the transportation company’s stock worth $4,700,000 after purchasing an additional 2,274 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Expeditors International of Washington by 5.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 143,656 shares of the transportation company’s stock valued at $17,923,000 after purchasing an additional 7,335 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen boosted 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. Barclays upped their target price on shares of 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. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.11.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’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 in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 0.8 %

Shares of NASDAQ EXPD opened at $110.28 on Friday. The company has a fifty day moving average price of $116.06 and a 200 day moving average price of $119.96. The firm has a market cap of $15.44 billion, a PE ratio of 21.50, a PEG ratio of 3.18 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current 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 issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. 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.