UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $315.49 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,400,949 shares of the transportation company’s stock after buying an additional 257,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.72% of Expeditors International of Washington worth $315,485,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EXPD. D. E. Shaw & Co. Inc. grew its position in Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after purchasing an additional 308,390 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Expeditors International of Washington by 140.2% in the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after buying an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after buying an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Up 0.3 %

NASDAQ EXPD opened at $121.64 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The company has a market capitalization of $17.03 billion, a PE ratio of 23.71, a P/E/G ratio of 3.44 and a beta of 0.98. The stock has a 50-day simple moving average of $121.71 and a 200 day simple moving average of $121.89.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the company posted $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.