Strategic Investment Advisors MI Sells 123 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Strategic Investment Advisors MI lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,589 shares of the transportation company’s stock after selling 123 shares during the quarter. Strategic Investment Advisors MI’s holdings in Expeditors International of Washington were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Sei Investments Co. raised its stake in Expeditors International of Washington by 7.8% in the second quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock valued at $5,015,000 after buying an additional 2,912 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Expeditors International of Washington by 53.3% in the second quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock valued at $637,000 after buying an additional 1,773 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Expeditors International of Washington in the second quarter valued at about $1,989,000. AQR Capital Management LLC raised its stake in Expeditors International of Washington by 42.2% in the second quarter. AQR Capital Management LLC now owns 193,607 shares of the transportation company’s stock valued at $24,160,000 after buying an additional 57,412 shares during the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in Expeditors International of Washington in the second quarter valued at about $1,446,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America reduced 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 raised their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.44.

Expeditors International of Washington Trading Down 1.1 %

Shares of EXPD opened at $113.01 on Monday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock’s 50 day moving average is $115.33 and its two-hundred day moving average is $119.62. The firm has a market cap of $15.82 billion, a P/E ratio of 21.90, a PEG 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, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared 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 of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Expeditors International of Washington 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.