First Allied Advisory Services Inc. Sells 2,399 Shares of Expeditors International of Washington, Inc. (EXPD)

First Allied Advisory Services Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,900 shares of the transportation company’s stock after selling 2,399 shares during the period. First Allied Advisory Services Inc.’s holdings in Expeditors International of Washington were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EXPD. Janus Henderson Group PLC boosted its stake in Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after purchasing an additional 4,767,490 shares during the period. APG Asset Management N.V. boosted its stake in Expeditors International of Washington by 115.2% in the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after purchasing an additional 766,900 shares during the period. Commonwealth Bank of Australia boosted its stake in Expeditors International of Washington by 21.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after purchasing an additional 624,542 shares during the period. Vanguard Group Inc. boosted its stake in Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after purchasing an additional 532,318 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Expeditors International of Washington by 934.7% in the 2nd quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after purchasing an additional 470,162 shares during the period. 93.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.35 on Wednesday. The stock has a market cap of $11,401.41, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.34 and a beta of 0.72. Expeditors International of Washington, Inc. has a 52 week low of $51.57 and a 52 week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $0.59 EPS. Expeditors International of Washington’s quarterly revenue was up 15.3% compared to the same quarter last year. equities research analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

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

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.78% of the stock is currently owned by insiders.

A number of brokerages have issued reports on EXPD. Cowen lifted their target price on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. UBS lifted their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Credit Suisse Group lifted their target price on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. Barclays lifted their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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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