96,223 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 96,223 shares of the transportation company’s stock, valued at approximately $12,644,000. Los Angeles Capital Management LLC owned approximately 0.07% of Expeditors International of Washington as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $25,000. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 0.4 %

Expeditors International of Washington stock opened at $119.54 on Tuesday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The firm’s fifty day simple moving average is $122.31 and its 200-day simple moving average is $121.47. The company has a market capitalization of $16.73 billion, a P/E ratio of 23.30, a P/E/G ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the business posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.3 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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 paid a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is presently 28.46%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXPD. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen increased 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 research report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Bank of America increased 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 research report on Monday, July 22nd. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.00.

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.