Expeditors International of Washington, Inc. $EXPD Stock Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,211 shares of the transportation company’s stock after selling 12,965 shares during the period. Compass Capital Management Inc.’s holdings in Expeditors International of Washington were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Expeditors International of Washington during the second quarter worth $2,193,093,000. Caisse de depot et placement du Quebec purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $169,665,000. Legal & General Group Plc acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $125,395,000. Bank of New York Mellon Corp acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $108,099,000. Finally, Deutsche Bank AG purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $102,595,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.3%

EXPD opened at $195.14 on Friday. The firm has a market cap of $25.19 billion, a P/E ratio of 34.12, a PEG ratio of 5.00 and a beta of 1.08. Expeditors International of Washington, Inc. has a 52 week low of $129.59 and a 52 week high of $207.93. The business’s fifty day simple moving average is $192.73 and its 200 day simple moving average is $168.70.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s payout ratio is 20.56%.

Analyst Ratings Changes

Several research firms have weighed in on EXPD. BNP Paribas Exane began coverage on shares of Expeditors International of Washington in a report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price for the company. Truist Financial upped their price target on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. Barclays increased their price target on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a research report on Wednesday, November 4th. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $181.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.