Leuthold Group LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The firm 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.
Several other institutional investors have also bought and sold shares of EXPD. BlackRock Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $2,193,093,000. State Street Corp raised its position in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock valued at $1,195,498,000 after buying an additional 109,798 shares in the last quarter. Bank of America Corp DE grew its position in Expeditors International of Washington by 0.8% in the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after acquiring an additional 21,400 shares in the last quarter. Baird Financial Group Inc. grew its position in Expeditors International of Washington by 2.7% in the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after acquiring an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Expeditors International of Washington by 10.0% in the second 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 acquiring an additional 195,351 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Truist Financial raised their price objective on Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. BNP Paribas Exane started coverage on Expeditors International of Washington in a report on Wednesday, September 30th. They issued a “neutral” rating and a $180.00 target price for the company. Barclays boosted their target price 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, Stifel Nicolaus boosted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $181.27.
Read Our Latest Analysis on EXPD
Expeditors International of Washington Trading Up 2.6%
Shares of EXPD opened at $189.38 on Tuesday. The firm has a market capitalization of $24.45 billion, a P/E ratio of 33.11, a P/E/G ratio of 5.00 and a beta of 1.08. 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 fifty day moving average price of $192.26 and a 200-day moving average price of $168.02.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Analysts predict 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. Shareholders of record on Tuesday, December 1st will be paid a $0.81 dividend. This represents a yield of 79.0%. The ex-dividend date is Tuesday, December 1st. Expeditors International of Washington’s payout ratio is 20.56%.
About Expeditors International of Washington
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