Stifel Financial Corp Grows Stock Position in Expeditors International of Washington (NASDAQ:EXPD)

Stifel Financial Corp lifted its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,498 shares of the transportation company’s stock after purchasing an additional 5,838 shares during the quarter. Stifel Financial Corp’s holdings in Expeditors International of Washington were worth $9,757,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Eads & Heald Wealth Management raised its stake in shares of Expeditors International of Washington by 12.8% during the third quarter. Eads & Heald Wealth Management now owns 27,995 shares of the transportation company’s stock worth $2,080,000 after purchasing an additional 3,182 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Expeditors International of Washington by 5.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,076,295 shares of the transportation company’s stock worth $81,648,000 after acquiring an additional 53,087 shares during the period. Coastal Investment Advisors Inc. grew its holdings in Expeditors International of Washington by 17.6% during the second quarter. Coastal Investment Advisors Inc. now owns 1,394 shares of the transportation company’s stock worth $105,000 after acquiring an additional 209 shares during the period. Pinnacle Financial Partners Inc. grew its holdings in Expeditors International of Washington by 17.8% during the second quarter. Pinnacle Financial Partners Inc. now owns 3,721 shares of the transportation company’s stock worth $282,000 after acquiring an additional 561 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Expeditors International of Washington by 2.8% during the second quarter. CIBC Asset Management Inc now owns 21,268 shares of the transportation company’s stock worth $1,613,000 after acquiring an additional 573 shares during the period. Institutional investors and hedge funds own 91.39% of the company’s stock.

Expeditors International of Washington stock opened at $73.78 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 20.65 and a beta of 0.93. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $81.15. The stock’s fifty day moving average is $75.25 and its two-hundred day moving average is $73.67.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. Expeditors International of Washington’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, sell-side analysts forecast that Expeditors International of Washington will post 3.51 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.50 dividend. This is a positive change from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. The ex-dividend date of this dividend is Friday, November 29th. Expeditors International of Washington’s dividend payout ratio is 28.74%.

A number of research analysts recently weighed in on EXPD shares. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Tuesday, September 10th. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Cowen reaffirmed a “hold” rating and set a $78.00 price objective on shares of Expeditors International of Washington in a report on Tuesday, November 5th. Barclays lowered Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $78.00 to $72.00 in a report on Wednesday, October 2nd. They noted that the move was a valuation call. Finally, BidaskClub lowered Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $73.56.

In related news, insider Philip M. Coughlin sold 185,686 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.74, for a total transaction of $14,249,543.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bradley S. Powell sold 17,364 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $76.15, for a total value of $1,322,268.60. The disclosure for this sale can be found here. Insiders sold 239,050 shares of company stock worth $18,129,612 in the last three months. 1.20% of the stock is owned by corporate insiders.

About Expeditors International of Washington

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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