Park Avenue Securities LLC Has $326,000 Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Park Avenue Securities LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,696 shares of the transportation company’s stock after purchasing an additional 341 shares during the quarter. Park Avenue Securities LLC’s holdings in Expeditors International of Washington were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position in shares of Expeditors International of Washington by 2,866.7% in the second quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 258 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Expeditors International of Washington by 78.0% during the 2nd quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock worth $28,000 after purchasing an additional 124 shares during the period. TCI Wealth Advisors Inc. raised its holdings in Expeditors International of Washington by 3,625.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 290 shares in the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at $29,000. Finally, Clear Street Markets LLC raised its stake in shares of Expeditors International of Washington by 400.0% in the 2nd quarter. Clear Street Markets LLC now owns 350 shares of the transportation company’s stock valued at $34,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.

Expeditors International of Washington Stock Up 1.2 %

NASDAQ:EXPD opened at $106.73 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $119.26. The stock’s fifty day simple moving average is $109.64 and its 200-day simple moving average is $102.42. The firm has a market capitalization of $16.98 billion, a P/E ratio of 11.21 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last issued its earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.62. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Expeditors International of Washington had a return on equity of 44.27% and a net margin of 8.36%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.09 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 8.69 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a dividend of $0.67 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, November 30th. Expeditors International of Washington’s dividend payout ratio is currently 14.08%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cowen cut their price objective on Expeditors International of Washington from $122.00 to $108.00 in a report on Friday, January 6th. BNP Paribas began coverage on shares of Expeditors International of Washington in a research note on Thursday, December 1st. They set a “neutral” rating and a $107.00 price target on the stock. Wells Fargo & Company cut shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating and set a $95.00 price objective for the company. in a research report on Tuesday, November 22nd. Barclays decreased their price objective on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, October 13th. Finally, StockNews.com began coverage on Expeditors International of Washington in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $99.89.

Insider Buying and Selling at Expeditors International of Washington

In other news, CFO Bradley S. Powell sold 17,206 shares of Expeditors International of Washington stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total transaction of $1,827,793.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $106.59, for a total value of $105,097.74. Following the completion of the sale, the vice president now directly owns 1,770 shares in the company, valued at $188,664.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bradley S. Powell sold 17,206 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $106.23, for a total value of $1,827,793.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,692 shares of company stock valued at $3,237,336. Corporate insiders own 0.55% of the company’s stock.

Expeditors International of Washington Profile

(Get Rating)

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Further Reading

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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