Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,015 shares of the transportation company’s stock after selling 1,200 shares during the quarter. Wendell David Associates Inc.’s holdings in Expeditors International of Washington were worth $1,442,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $11,219,000. SG Americas Securities LLC lifted its holdings in shares of Expeditors International of Washington by 406.3% in the fourth quarter. SG Americas Securities LLC now owns 35,024 shares of the transportation company’s stock valued at $3,880,000 after purchasing an additional 28,107 shares in the last quarter. Eads & Heald Wealth Management grew its holdings in Expeditors International of Washington by 1.7% during the 4th quarter. Eads & Heald Wealth Management now owns 19,039 shares of the transportation company’s stock valued at $2,109,000 after buying an additional 320 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Expeditors International of Washington by 10.3% during the fourth quarter. Simon Quick Advisors LLC now owns 2,060 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 193 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $342,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $112.39 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm’s 50-day moving average is $115.61 and its 200-day moving average is $119.71. The company has a market cap of $15.73 billion, a P/E ratio of 21.98, a PEG ratio of 3.82 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion for 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%. Expeditors International of Washington’s revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays upped 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. Finally, Bank of America lowered their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.11.

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.