Banque Cantonale Vaudoise Increases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banque Cantonale Vaudoise grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,413 shares of the transportation company’s stock after purchasing an additional 4,129 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Expeditors International of Washington were worth $3,996,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Guardian Wealth Advisors LLC grew its stake in Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after buying an additional 115 shares during the last quarter. Lindenwold Advisors INC grew its position in shares of Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after acquiring an additional 114 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of Expeditors International of Washington by 17.5% in the 3rd quarter. Claro Advisors LLC now owns 6,960 shares of the transportation company’s stock valued at $915,000 after acquiring an additional 1,038 shares during the period. Gladius Capital Management LP purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $233,000. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in Expeditors International of Washington during the 3rd quarter worth $346,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $118.01 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98. The stock has a fifty day moving average of $121.94 and a two-hundred day moving average of $121.74.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.37 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 Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $118.44.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.