Weybosset Research & Management LLC Has $4.65 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Weybosset Research & Management LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,933 shares of the transportation company’s stock after acquiring an additional 1,544 shares during the quarter. Expeditors International of Washington makes up 1.6% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 21st biggest holding. Weybosset Research & Management LLC’s holdings in Expeditors International of Washington were worth $4,645,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP lifted its position in shares of Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after purchasing an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after buying an additional 308,390 shares during the period. International Assets Investment Management LLC lifted its holdings in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Expeditors International of Washington by 12.0% during the third 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. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 2.6 %

Shares of EXPD traded down $2.95 during trading hours on Friday, reaching $109.94. The stock had a trading volume of 547,621 shares, compared to its average volume of 847,786. The firm has a 50-day simple moving average of $117.20 and a 200 day simple moving average of $120.58. Expeditors International of Washington, Inc. has a 12 month low of $109.43 and a 12 month high of $131.59. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 3.36 and a beta of 0.99.

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 for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s payout ratio is currently 28.46%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four 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 presently has an average rating of “Hold” and an average target price of $118.44.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

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.