Unigestion Holding SA Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Unigestion Holding SA raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 50,241 shares of the transportation company’s stock after purchasing an additional 5,425 shares during the period. Unigestion Holding SA’s holdings in Expeditors International of Washington were worth $5,985,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Insights Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter valued at $38,000. Sargent Bickham Lagudis LLC lifted its holdings in Expeditors International of Washington by 150.0% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 375 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 225 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Expeditors International of Washington by 193.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 455 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 300 shares in the last quarter. Key Financial Inc lifted its holdings in Expeditors International of Washington by 20.2% in the 2nd quarter. Key Financial Inc now owns 487 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 82 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Expeditors International of Washington in the 2nd quarter valued at $66,000. Institutional investors own 91.86% of the company’s stock.

Shares of NASDAQ:EXPD traded down $1.77 during midday trading on Thursday, reaching $126.93. 888,361 shares of the company’s stock were exchanged, compared to its average volume of 1,068,087. The firm’s 50 day simple moving average is $122.54 and its two-hundred day simple moving average is $123.93. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of 18.78 and a beta of 0.79. Expeditors International of Washington, Inc. has a fifty-two week low of $87.95 and a fifty-two week high of $132.28.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 2nd. The transportation company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.32. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $3.45 billion. Expeditors International of Washington had a return on equity of 38.56% and a net margin of 8.03%. During the same period last year, the company earned $1.12 EPS. On average, analysts expect that Expeditors International of Washington, Inc. will post 7.36 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be issued a dividend of $0.58 per share. This represents a yield of 0.9%. The ex-dividend date is Tuesday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is 17.16%.

A number of analysts have issued reports on EXPD shares. Barclays raised their target price on Expeditors International of Washington from $96.00 to $100.00 and gave the stock an “underweight” rating in a research note on Monday, August 30th. Morgan Stanley raised their target price on Expeditors International of Washington from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 4th. Wells Fargo & Company raised their target price on Expeditors International of Washington from $118.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 3rd. Finally, Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research note on Tuesday, October 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $117.13.

In other news, SVP Benjamin G. Clark sold 7,602 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $130.69, for a total value of $993,505.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Mcclincy sold 8,200 shares of Expeditors International of Washington stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $126.03, for a total value of $1,033,446.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,838 shares of company stock valued at $2,539,440 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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