Tredje AP fonden Sells 6,660 Shares of Expeditors International of Washington, Inc. (EXPD)

Tredje AP fonden lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,320 shares of the transportation company’s stock after selling 6,660 shares during the quarter. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $1,815,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after buying an additional 532,318 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after buying an additional 4,767,490 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Expeditors International of Washington by 21.8% in the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after buying an additional 624,542 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Expeditors International of Washington by 115.2% in the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after buying an additional 766,900 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Expeditors International of Washington by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock valued at $78,231,000 after buying an additional 13,419 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group increased their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen reiterated a “market perform” rating and issued a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Finally, Goldman Sachs Group assumed coverage on Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.38.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.34 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $51.57 and a 12 month high of $66.01. The firm has a market capitalization of $11,538.24, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 3.38 and a beta of 0.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm earned $0.59 EPS. Expeditors International of Washington’s quarterly revenue was up 15.3% on a year-over-year basis. research analysts forecast that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 35.15%.

In other news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by company insiders.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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