Expeditors International of Washington, Inc. $EXPD Stake Boosted by Leuthold Group LLC

Leuthold Group LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,866 shares of the transportation company’s stock after buying an additional 3,014 shares during the quarter. Leuthold Group LLC’s holdings in Expeditors International of Washington were worth $6,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. BlackRock Inc. bought a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $2,193,093,000. State Street Corp increased its stake in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after purchasing an additional 109,798 shares in the last quarter. Bank of America Corp DE raised its holdings in Expeditors International of Washington by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after purchasing an additional 21,400 shares during the period. Baird Financial Group Inc. raised its holdings in Expeditors International of Washington by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after purchasing an additional 57,823 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Expeditors International of Washington by 10.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after purchasing an additional 195,351 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 2.6%

EXPD opened at $189.38 on Tuesday. The firm has a 50-day simple moving average of $192.26 and a two-hundred day simple moving average of $168.02. Expeditors International of Washington, Inc. has a 52 week low of $129.59 and a 52 week high of $207.93. The company has a market capitalization of $24.45 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same quarter last year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a yield of 79.0%. Expeditors International of Washington’s dividend payout ratio is presently 20.56%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXPD. Bank of America lifted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upped their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Citizens Jmp started coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Barclays lifted their price objective on Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a research report on Wednesday, November 4th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $181.27.

Expeditors International of Washington Profile