BNP Paribas Arbitrage SA grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 21.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,739 shares of the transportation company’s stock after purchasing an additional 45,330 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.14% of Expeditors International of Washington worth $15,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Janney Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 0.4% during the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 18 shares during the period. Mosaic Family Wealth LLC increased its holdings in shares of Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares during the period. First Allied Advisory Services Inc. grew its holdings in Expeditors International of Washington by 0.7% during the second quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock worth $752,000 after acquiring an additional 97 shares during the period. Louisiana State Employees Retirement System grew its holdings in Expeditors International of Washington by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after acquiring an additional 100 shares during the period. Finally, Sentry Investment Management LLC grew its holdings in Expeditors International of Washington by 1.0% during the second quarter. Sentry Investment Management LLC now owns 11,578 shares of the transportation company’s stock worth $654,000 after acquiring an additional 116 shares during the period. 94.44% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on EXPD. Cowen and Company reaffirmed a “market perform” rating and set a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a report on Wednesday, November 8th. Credit Suisse Group lifted their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a report on Wednesday, November 8th. UBS AG lifted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Barclays PLC lifted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) began coverage on Expeditors International of Washington in a report on Monday. They set a “neutral” rating and a $59.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.38.

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Expeditors International of Washington, Inc. (EXPD) traded down $0.02 during trading hours on Monday, hitting $59.85. The company had a trading volume of 1,024,900 shares, compared to its average volume of 1,117,389. Expeditors International of Washington, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $62.63. The firm has a market cap of $10,635.51, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 3.13 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company posted $0.59 EPS. Expeditors International of Washington’s revenue for the quarter was up 15.3% on a year-over-year basis. sell-side analysts expect that Expeditors International of Washington, Inc. will post 2.39 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s payout ratio is presently 35.15%.

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.

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

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