Envestnet Asset Management Inc. Increases Holdings in Expeditors International of Washington, Inc. (EXPD)

Envestnet Asset Management Inc. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,470 shares of the transportation company’s stock after purchasing an additional 15,509 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.24% of Expeditors International of Washington worth $25,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Mosaic Family Wealth LLC lifted its holdings in Expeditors International of Washington by 3.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares during the last quarter. First Allied Advisory Services Inc. increased its position in Expeditors International of Washington by 0.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 13,299 shares of the transportation company’s stock worth $752,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System increased its position in Expeditors International of Washington by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after buying an additional 100 shares during the period. Sentry Investment Management LLC increased its position in Expeditors International of Washington by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 11,578 shares of the transportation company’s stock worth $654,000 after buying an additional 116 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in Expeditors International of Washington by 2.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 7,017 shares of the transportation company’s stock worth $396,000 after buying an additional 186 shares during the period. 93.76% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.93 on Tuesday. The firm has a market capitalization of $11,456.50, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 3.36 and a beta of 0.72. Expeditors International of Washington, Inc. has a 12-month low of $51.57 and a 12-month high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $0.59 earnings per share. Expeditors International of Washington’s revenue was up 15.3% on a year-over-year basis. equities analysts expect that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.42 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 30th. Expeditors International of Washington’s payout ratio is currently 35.15%.

In related news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.78% of the stock is currently owned by company insiders.

Several research analysts have weighed in on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen reiterated a “market perform” rating and set a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Goldman Sachs Group started coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 price objective on the stock. Finally, Barclays increased their price objective on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.38.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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