Dimensional Fund Advisors LP Has $37.15 Million Stake in Expeditors International of Washington (EXPD)

Dimensional Fund Advisors LP grew its position in Expeditors International of Washington (NASDAQ:EXPD) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,622 shares of the transportation company’s stock after acquiring an additional 6,779 shares during the period. Dimensional Fund Advisors LP owned about 0.35% of Expeditors International of Washington worth $37,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of Expeditors International of Washington by 3.9% during the 3rd quarter. Sei Investments Co. now owns 414,596 shares of the transportation company’s stock worth $24,819,000 after buying an additional 15,391 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Expeditors International of Washington by 210.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock worth $1,324,000 after buying an additional 15,891 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Expeditors International of Washington by 5.3% during the 2nd quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock worth $4,897,000 after buying an additional 4,333 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of Expeditors International of Washington by 23.9% during the 2nd quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock worth $16,862,000 after buying an additional 57,521 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Expeditors International of Washington by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 434,286 shares of the transportation company’s stock worth $25,996,000 after buying an additional 10,188 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by insiders.

Shares of Expeditors International of Washington (NASDAQ EXPD) opened at $66.73 on Friday. Expeditors International of Washington has a 12 month low of $51.57 and a 12 month high of $66.83. The firm has a market cap of $11,797.69, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.12 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping 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 analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s revenue was up 15.3% on a year-over-year basis. equities research analysts expect that Expeditors International of Washington will post 2.41 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.42 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.15%.

A number of research firms have recently issued reports on EXPD. Credit Suisse Group raised their target price on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays restated a “buy” rating and set a $70.00 target price on shares of Expeditors International of Washington in a research note on Tuesday. Cowen restated a “market perform” rating and set a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $60.25.

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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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