Expeditors International of Washington, Inc. $EXPD Stock Position Trimmed by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,480 shares of the transportation company’s stock after selling 24,238 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Expeditors International of Washington were worth $32,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXPD. Verdence Capital Advisors LLC increased its stake in shares of Expeditors International of Washington by 2.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,472 shares of the transportation company’s stock valued at $456,000 after buying an additional 51 shares during the period. Quadrant Capital Group LLC raised its position in shares of Expeditors International of Washington by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company’s stock worth $758,000 after acquiring an additional 56 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Expeditors International of Washington by 6.4% during the third quarter. Mather Group LLC. now owns 1,051 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 63 shares during the period. RFG Advisory LLC lifted its stake in shares of Expeditors International of Washington by 3.5% during the second quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 64 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of Expeditors International of Washington by 76.0% during the third quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 76 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 0.3%

NASDAQ:EXPD opened at $195.14 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $129.59 and a 12-month high of $207.93. The firm has a market capitalization of $25.19 billion, a P/E ratio of 34.12, a P/E/G ratio of 5.00 and a beta of 1.08. The stock’s fifty day simple moving average is $192.73 and its 200-day simple moving average is $168.70.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $2.65 EPS 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 period in the prior year, the firm earned $1.64 earnings per share. The firm’s quarterly revenue was up 41.9% on a year-over-year basis. As a group, equities research 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 business also recently announced a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.81 per share. This represents a dividend yield of 79.0%. The ex-dividend date is Tuesday, December 1st. Expeditors International of Washington’s payout ratio is presently 20.56%.

Analyst Ratings Changes

A number of brokerages recently commented on EXPD. Barclays lifted their price objective on Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 4th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 4th. Truist Financial upped their target price on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, November 4th. BNP Paribas Exane initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $181.27.

About Expeditors International of Washington

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.