Verition Fund Management LLC Acquires 822 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verition Fund Management LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,628 shares of the transportation company’s stock after acquiring an additional 822 shares during the quarter. Verition Fund Management LLC’s holdings in Expeditors International of Washington were worth $1,922,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Black Diamond Financial LLC raised its position in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after acquiring an additional 89 shares during the period. Blair William & Co. IL increased its stake in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after buying an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares in the last quarter. Values First Advisors Inc. boosted its position in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 112 shares during the period. Finally, Lindenwold Advisors INC raised its position in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. 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. 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. Finally, TD Cowen upped their price objective on shares of 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. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Stock Down 0.6 %

NASDAQ EXPD opened at $120.45 on Friday. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97. The business has a fifty day moving average of $121.34 and a 200-day moving average of $122.02. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. The company’s revenue was up 37.0% on a year-over-year basis. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Expeditors International of Washington Company Profile

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.