Papp L Roy & Associates lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,689 shares of the transportation company’s stock after selling 1,873 shares during the quarter. Expeditors International of Washington comprises about 1.6% of Papp L Roy & Associates’ holdings, making the stock its 19th biggest holding. Papp L Roy & Associates owned about 0.07% of Expeditors International of Washington worth $7,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after acquiring an additional 4,767,490 shares in the last quarter. APG Asset Management N.V. raised its holdings in Expeditors International of Washington by 115.2% in the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after acquiring an additional 766,900 shares in the last quarter. Vanguard Group Inc. raised its holdings in Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Expeditors International of Washington by 934.7% in the second quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock valued at $29,396,000 after acquiring an additional 470,162 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Expeditors International of Washington by 101.9% in the second quarter. Principal Financial Group Inc. now owns 571,390 shares of the transportation company’s stock valued at $32,273,000 after acquiring an additional 288,320 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded down $0.02 during mid-day trading on Monday, reaching $59.85. 1,024,900 shares of the company’s stock were exchanged, compared to its average volume of 1,117,389. Expeditors International of Washington, Inc. has a 12 month low of $50.20 and a 12 month high of $62.63. The firm has a market capitalization of $10,635.51, a PE ratio of 25.04, a P/E/G ratio of 3.13 and a beta of 0.68.

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 for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. sell-side analysts predict that Expeditors International of Washington, Inc. will post 2.39 EPS for the current fiscal year.

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

EXPD has been the topic of several analyst reports. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Barclays PLC raised 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 report on Monday, October 2nd. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday. UBS AG raised their target price 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. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Expeditors International of Washington in a report on Monday. They issued a “neutral” rating and a $59.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.38.

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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