Expeditors International of Washington (NASDAQ:EXPD) Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 201.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,211 shares of the transportation company’s stock after acquiring an additional 36,252 shares during the quarter. Engineers Gate Manager LP’s holdings in Expeditors International of Washington were worth $3,245,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Expeditors International of Washington by 2.8% during the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after buying an additional 532,318 shares during the period. Janus Henderson Group PLC boosted its position in shares of Expeditors International of Washington by 24,524.1% during the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after buying an additional 4,767,490 shares during the period. Commonwealth Bank of Australia boosted its position in shares of Expeditors International of Washington by 21.8% during the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after buying an additional 624,542 shares during the period. APG Asset Management N.V. boosted its position in shares of Expeditors International of Washington by 115.2% during the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after buying an additional 766,900 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Expeditors International of Washington by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock worth $78,231,000 after buying an additional 13,419 shares during the period. 93.56% of the stock is owned by institutional investors.

Several research analysts have recently commented on the company. UBS Group raised their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Cowen reiterated a “market perform” rating and issued a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Thursday, November 9th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Barclays lifted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $59.38.

Expeditors International of Washington (NASDAQ:EXPD) traded down $0.67 during trading hours on Friday, reaching $64.69. The company had a trading volume of 609,939 shares, compared to its average volume of 1,090,000. The stock has a market capitalization of $11,500.00, a price-to-earnings ratio of 27.18, a PEG ratio of 3.39 and a beta of 0.72. Expeditors International of Washington has a 52-week low of $51.57 and a 52-week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. Expeditors International of Washington’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. equities research analysts expect that Expeditors International of Washington will post 2.41 EPS for the current year.

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

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

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About Expeditors International of Washington

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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