Tredje AP fonden Sells 6,660 Shares of Expeditors International of Washington (EXPD)

Tredje AP fonden lowered its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,320 shares of the transportation company’s stock after selling 6,660 shares during the quarter. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $1,815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Expeditors International of Washington by 34.4% in the second quarter. Great West Life Assurance Co. Can now owns 225,298 shares of the transportation company’s stock valued at $12,705,000 after purchasing an additional 57,670 shares during the last quarter. Rothschild Asset Management Inc. increased its holdings in Expeditors International of Washington by 12.8% during the second quarter. Rothschild Asset Management Inc. now owns 12,034 shares of the transportation company’s stock worth $680,000 after buying an additional 1,365 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Expeditors International of Washington by 10.5% during the second quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the transportation company’s stock worth $297,000 after buying an additional 500 shares during the last quarter. Korea Investment CORP increased its holdings in Expeditors International of Washington by 73.1% during the second quarter. Korea Investment CORP now owns 123,560 shares of the transportation company’s stock worth $6,979,000 after buying an additional 52,165 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Expeditors International of Washington by 0.3% during the second quarter. Retirement Systems of Alabama now owns 87,353 shares of the transportation company’s stock worth $4,934,000 after buying an additional 286 shares during the last quarter. 93.56% of the stock is currently owned by institutional investors and hedge funds.

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

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.

Expeditors International of Washington (NASDAQ:EXPD) traded down $0.67 during mid-day trading on Friday, hitting $64.69. 609,939 shares of the stock were exchanged, compared to its average volume of 1,090,000. Expeditors International of Washington has a 52-week low of $51.57 and a 52-week high of $66.01. The company has a market capitalization of $11,500.00, a PE ratio of 27.18, a P/E/G ratio of 3.39 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. analysts predict that Expeditors International of Washington will post 2.41 earnings per share for the current fiscal year.

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

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Expeditors International of Washington 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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