Cerity Partners LLC Has $10.24 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 20.2% during the third quarter, Holdings Channel.com reports. The firm owned 77,926 shares of the transportation company’s stock after buying an additional 13,120 shares during the period. Cerity Partners LLC’s holdings in Expeditors International of Washington were worth $10,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nwam LLC bought a new position in Expeditors International of Washington in the third quarter valued at about $256,000. Studio Investment Management LLC lifted its holdings in Expeditors International of Washington by 4.0% in the third quarter. Studio Investment Management LLC now owns 4,119 shares of the transportation company’s stock valued at $541,000 after buying an additional 157 shares during the period. Citigroup Inc. boosted its stake in Expeditors International of Washington by 13.1% in the third quarter. Citigroup Inc. now owns 182,462 shares of the transportation company’s stock valued at $23,976,000 after acquiring an additional 21,188 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Expeditors International of Washington by 2.1% during the third quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company’s stock worth $832,000 after purchasing an additional 129 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.6 %

NASDAQ:EXPD opened at $121.65 on Wednesday. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 3.48 and a beta of 0.98. The stock’s 50 day moving average price is $121.88 and its two-hundred day moving average price is $121.87.

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

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $118.44.

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.