First Republic Investment Management Inc. Purchases 4,800 Shares of Expeditors International of Washington, Inc. (EXPD)

First Republic Investment Management Inc. lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,032 shares of the transportation company’s stock after purchasing an additional 4,800 shares during the period. First Republic Investment Management Inc.’s holdings in Expeditors International of Washington were worth $4,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 1,900 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 471 shares in the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at $208,000. Finally, Pacer Advisors Inc. raised its holdings in Expeditors International of Washington by 8.3% in the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 286 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Credit Suisse Group upped their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Cowen reaffirmed a “market perform” rating and issued a $58.00 price target (up from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, UBS upped their price target on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.38.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.46 on Monday. The firm has a market cap of $11,450.00, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 3.36 and a beta of 0.72. Expeditors International of Washington, Inc. has a twelve month low of $51.57 and a twelve month high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. research analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.29%.

In other news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by corporate insiders.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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