Bremer Trust National Association Has $232,000 Stake in Expeditors International of Washington (EXPD)

Bremer Trust National Association cut its stake in Expeditors International of Washington (NASDAQ:EXPD) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,595 shares of the transportation company’s stock after selling 2,526 shares during the quarter. Bremer Trust National Association’s holdings in Expeditors International of Washington were worth $232,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EXPD. Federated Investors Inc. PA purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $256,000. Pacer Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 286 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Expeditors International of Washington by 210.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock valued at $1,324,000 after acquiring an additional 15,891 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Expeditors International of Washington by 102.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 203,745 shares of the transportation company’s stock valued at $11,507,000 after acquiring an additional 102,874 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Expeditors International of Washington by 115.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,136 shares of the transportation company’s stock valued at $1,646,000 after acquiring an additional 15,585 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Expeditors International of Washington (EXPD) opened at $66.73 on Friday. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.83. The firm has a market capitalization of $11,860.00, a price-to-earnings ratio of 28.04, a P/E/G ratio of 3.12 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. analysts forecast that Expeditors International of Washington will post 2.41 EPS for the current year.

The company also recently declared a semiannual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s payout ratio is presently 35.29%.

Several brokerages recently weighed in on EXPD. UBS Group boosted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Cowen restated a “market perform” rating and set a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, November 9th. Goldman Sachs Group began coverage on Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 target price on the stock. Finally, Barclays boosted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.25.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.78% of the stock is currently owned by insiders.

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Expeditors International of Washington 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.

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

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