Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 66.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,402 shares of the transportation company’s stock after selling 67,730 shares during the quarter. Expeditors International of Washington comprises 0.1% of Ruane Cunniff & Goldfarb L.P.’s investment portfolio, making the stock its 20th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Expeditors International of Washington were worth $4,520,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Public Sector Pension Investment Board increased its holdings in shares of Expeditors International of Washington by 19.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 1,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after acquiring an additional 257,791 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Expeditors International of Washington by 200.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,701 shares of the transportation company’s stock valued at $10,210,000 after acquiring an additional 51,852 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at about $239,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of Expeditors International of Washington by 16.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company’s stock valued at $1,754,000 after acquiring an additional 1,878 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.3 %

Shares of EXPD stock opened at $121.25 on Thursday. The business’s 50 day moving average is $121.84 and its two-hundred day moving average is $121.90. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The company has a market capitalization of $16.97 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.98.

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 return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business posted $1.16 EPS. The company’s revenue was up 37.0% on a year-over-year basis. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

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