Russell Investments Group Ltd. Has $23.63 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Russell Investments Group Ltd. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 51.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 195,176 shares of the transportation company’s stock after selling 209,200 shares during the quarter. Russell Investments Group Ltd.’s holdings in Expeditors International of Washington were worth $23,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Expeditors International of Washington by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after buying an additional 190,319 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Expeditors International of Washington by 100,489.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,525,644 shares of the transportation company’s stock worth $427,061,000 after buying an additional 3,522,139 shares during the period. Bank of America Corp DE grew its position in shares of Expeditors International of Washington by 16.2% during the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after buying an additional 488,561 shares during the period. Boston Partners grew its position in shares of Expeditors International of Washington by 19.3% during the 1st quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock worth $335,370,000 after buying an additional 491,704 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Expeditors International of Washington by 548.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,539,948 shares of the transportation company’s stock worth $44,987,000 after buying an additional 2,147,954 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. Morgan Stanley reduced their price target on shares of Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating for the company in a research report on Monday, November 13th. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Wednesday, November 8th. StockNews.com assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Stephens lifted their price target on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.44.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $117.53 on Tuesday. The stock has a market capitalization of $17.09 billion, a P/E ratio of 22.22 and a beta of 1.01. Expeditors International of Washington, Inc. has a 52-week low of $102.75 and a 52-week high of $128.04. The stock’s 50-day simple moving average is $114.78 and its 200 day simple moving average is $116.76.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.09). Expeditors International of Washington had a return on equity of 28.76% and a net margin of 7.77%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm posted $2.54 EPS. The firm’s revenue for the quarter was down 49.8% compared to the same quarter last year. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.19 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.69 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 26.09%.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.