Simon Quick Advisors LLC Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Simon Quick Advisors LLC grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,060 shares of the transportation company’s stock after acquiring an additional 193 shares during the period. Simon Quick Advisors LLC’s holdings in Expeditors International of Washington were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Beaumont Financial Advisors LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at $342,000. Perpetual Ltd lifted its position in shares of Expeditors International of Washington by 109.3% during the 4th quarter. Perpetual Ltd now owns 4,354 shares of the transportation company’s stock valued at $482,000 after buying an additional 2,274 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Expeditors International of Washington by 12.3% during the 4th quarter. Ballentine Partners LLC now owns 1,897 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 208 shares during the period. Avanza Fonder AB purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $1,717,000. Finally, Gateway Investment Advisers LLC raised its stake in Expeditors International of Washington by 19.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 11,051 shares of the transportation company’s stock worth $1,224,000 after acquiring an additional 1,832 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPD. Barclays increased 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 note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.44.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $113.01 on Friday. The firm has a fifty day moving average price of $115.33 and a 200 day moving average price of $119.62. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a market cap of $15.82 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the company posted $1.16 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

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.