Expeditors International of Washington, Inc. (EXPD) Holdings Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 514,227 shares of the transportation company’s stock after buying an additional 9,333 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.29% of Expeditors International of Washington worth $30,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares in the last quarter. Merriman Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $208,000. Finally, Sigma Planning Corp purchased a new stake in shares of Expeditors International of Washington in the third quarter valued at about $216,000. Institutional investors own 93.76% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $64.93 on Tuesday. The stock has a market cap of $11,456.50, a P/E ratio of 26.98, a P/E/G ratio of 3.36 and a beta of 0.72. Expeditors International of Washington, Inc. has a one year low of $51.57 and a one year high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. analysts anticipate that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current fiscal year.

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

Several analysts have issued reports on EXPD shares. Cowen reaffirmed a “market perform” rating and issued a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Barclays upped their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Credit Suisse Group upped their price objective on shares of 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. Finally, UBS upped their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

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About Expeditors International of Washington

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.

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

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