Great Lakes Advisors LLC Buys 4,277 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Great Lakes Advisors LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,214 shares of the transportation company’s stock after acquiring an additional 4,277 shares during the quarter. Great Lakes Advisors LLC’s holdings in Expeditors International of Washington were worth $9,186,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EXPD. Invesco Ltd. lifted its holdings in Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Expeditors International of Washington by 8,732.2% in the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after purchasing an additional 222,846 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Expeditors International of Washington by 36.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after purchasing an additional 176,270 shares in the last quarter. Northern Trust Corp lifted its holdings in Expeditors International of Washington by 7.9% in the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after purchasing an additional 159,712 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Expeditors International of Washington in the 3rd quarter worth approximately $14,503,000. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Trading Up 0.2 %

Shares of NASDAQ EXPD traded up $0.26 during trading hours on Friday, hitting $117.90. 865,161 shares of the company traded hands, compared to its average volume of 1,469,709. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 6.45 and a beta of 1.00. The company’s 50 day moving average price is $117.33 and its 200 day moving average price is $120.65. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.82 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date is Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 29.24%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXPD. Bank of America initiated coverage on Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Susquehanna upped their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.63.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.