AMP Capital Investors Ltd Acquires 16,235 Shares of Expeditors International of Washington (EXPD)

AMP Capital Investors Ltd increased its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,527 shares of the transportation company’s stock after purchasing an additional 16,235 shares during the period. AMP Capital Investors Ltd owned approximately 0.05% of Expeditors International of Washington worth $6,723,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EXPD. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $88,985,000. FMR LLC increased its holdings in shares of Expeditors International of Washington by 59.3% during the second quarter. FMR LLC now owns 2,673,760 shares of the transportation company’s stock worth $195,452,000 after buying an additional 995,371 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Expeditors International of Washington by 22.3% during the third quarter. Wells Fargo & Company MN now owns 2,647,122 shares of the transportation company’s stock worth $194,644,000 after buying an additional 482,976 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Expeditors International of Washington by 173.1% during the second quarter. Millennium Management LLC now owns 717,241 shares of the transportation company’s stock worth $52,430,000 after buying an additional 454,631 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Expeditors International of Washington by 13.9% during the third quarter. Commonwealth Bank of Australia now owns 3,672,424 shares of the transportation company’s stock worth $270,017,000 after buying an additional 448,807 shares in the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $75.95, for a total value of $2,278,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $73.52, for a total transaction of $367,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,371 shares of company stock worth $2,820,772. Insiders own 0.99% of the company’s stock.

Several analysts have recently weighed in on the stock. Goldman Sachs Group lowered shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price objective for the company. in a report on Friday. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, November 13th. Finally, Deutsche Bank set a $72.00 price target on shares of Expeditors International of Washington and gave the company a “hold” rating in a report on Thursday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $69.40.

Shares of Expeditors International of Washington stock opened at $70.57 on Friday. The company has a market capitalization of $13.04 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.92 and a beta of 0.79. Expeditors International of Washington has a fifty-two week low of $59.10 and a fifty-two week high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.14. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. Expeditors International of Washington’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Research analysts expect that Expeditors International of Washington will post 3.24 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.42. This represents a yield of 1.23%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 36.29%.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

Read More: Asset Allocation, Balancing Your Investments

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

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