Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,682 shares of the transportation company’s stock after selling 20,097 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Expeditors International of Washington worth $32,545,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXPD. Canada Pension Plan Investment Board boosted its position in shares of Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after buying an additional 1,900 shares during the period. Mosaic Family Wealth LLC boosted its position 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 buying an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the period. Merriman Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $208,000. Finally, Pacer Advisors Inc. boosted its position in shares of Expeditors International of Washington by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 92.99% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $59.82 on Thursday. The stock has a market capitalization of $10,653.28, a P/E ratio of 25.08, a P/E/G ratio of 3.12 and a beta of 0.68. Expeditors International of Washington, Inc. has a twelve month low of $51.57 and a twelve month high of $62.63.

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, beating analysts’ consensus estimates of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. analysts expect that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s payout ratio is 35.15%.

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EXPD has been the subject of several recent analyst reports. UBS Group AG boosted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Credit Suisse Group boosted their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research report on Wednesday, November 8th. Barclays PLC boosted their target price on 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. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, 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 research report on Thursday, November 9th. Two equities 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 stock. The stock presently has an average rating of “Hold” and an average target price of $59.38.

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.

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

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