Expeditors International of Washington (EXPD) Holdings Raised by Unigestion Holding SA

Unigestion Holding SA boosted its position in Expeditors International of Washington (NASDAQ:EXPD) by 120.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 138,905 shares of the transportation company’s stock after purchasing an additional 75,905 shares during the period. Unigestion Holding SA’s holdings in Expeditors International of Washington were worth $10,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EXPD. Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 10.1% in the first quarter. Principal Financial Group Inc. now owns 673,962 shares of the transportation company’s stock worth $42,662,000 after purchasing an additional 62,007 shares during the last quarter. DnB Asset Management AS acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $1,740,000. IFM Investors Pty Ltd raised its holdings in shares of Expeditors International of Washington by 49.1% during the second quarter. IFM Investors Pty Ltd now owns 8,600 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 2,832 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Expeditors International of Washington by 11.4% during the second quarter. State of Alaska Department of Revenue now owns 45,381 shares of the transportation company’s stock valued at $3,316,000 after purchasing an additional 4,660 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $366,000. 93.96% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EXPD opened at $71.73 on Friday. The stock has a market cap of $12.79 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.74. Expeditors International of Washington has a one year low of $58.66 and a one year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.78 by $0.14. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, research analysts anticipate that Expeditors International of Washington will post 3.22 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.45 dividend. This represents a yield of 1.23%. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.42. The ex-dividend date of this dividend is Friday, November 30th. Expeditors International of Washington’s dividend payout ratio is presently 36.29%.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Credit Suisse Group decreased their target price on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Deutsche Bank started coverage on shares of Expeditors International of Washington in a research report on Tuesday, September 4th. They set a “hold” rating and a $71.00 target price for the company. Finally, Stifel Nicolaus set a $73.00 target price on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

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Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

Read More: Preferred Stock

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

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