B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 12,824 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, Holdings Channel.com reports. The firm bought 12,824 shares of the transportation company’s stock, valued at approximately $1,685,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Black Diamond Financial LLC boosted its stake in shares of Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after buying an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after buying an additional 104 shares during the last quarter. Values First Advisors Inc. boosted its stake in shares of Expeditors International of Washington by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after buying an additional 112 shares during the last quarter. Finally, Lindenwold Advisors INC boosted its stake in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EXPD shares. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $121.32 on Friday. The company’s fifty day simple moving average is $121.86 and its two-hundred day simple moving average is $121.75. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington Company Profile

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.