ING Groep NV Sells 9,132 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ING Groep NV trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.0% during the 3rd quarter, Holdings Channel reports. The firm owned 9,875 shares of the transportation company’s stock after selling 9,132 shares during the period. ING Groep NV’s holdings in Expeditors International of Washington were worth $1,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Black Diamond Financial LLC increased its holdings in Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 89 shares during the last quarter. Blair William & Co. IL increased its holdings in Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the last quarter. Values First Advisors Inc. increased its holdings in 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 acquiring an additional 112 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in Expeditors International of Washington by 5.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,282 shares of the transportation company’s stock valued at $267,000 after acquiring an additional 116 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Bank of America boosted their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four research 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 stock has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Trading Down 0.7 %

EXPD stock opened at $120.16 on Monday. The stock has a market cap of $16.82 billion, a PE ratio of 23.42, a P/E/G ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The company has a 50-day moving average price of $122.06 and a 200 day moving average price of $121.67.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Expeditors International of Washington 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.