Czech National Bank Buys 117 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Czech National Bank increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,581 shares of the transportation company’s stock after purchasing an additional 117 shares during the quarter. Czech National Bank’s holdings in Expeditors International of Washington were worth $3,110,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares during the period. Norges Bank bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $74,763,000. TD Asset Management Inc raised its holdings in Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after acquiring an additional 296,186 shares during the period. International Assets Investment Management LLC raised its holdings in Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after acquiring an additional 222,846 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in Expeditors International of Washington during the first quarter valued at about $23,178,000. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on EXPD shares. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Bank of America raised their price target on Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Stifel Nicolaus increased their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. 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 research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $111.88.

Get Our Latest Stock Report on EXPD

Insider Buying and Selling

In related news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. 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 0.0 %

Shares of NASDAQ:EXPD opened at $126.28 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a 50-day moving average price of $118.68 and a 200 day moving average price of $121.68. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 5.88 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.89 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date was Monday, June 3rd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 30.93%.

About Expeditors International of Washington

(Free Report)

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.

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

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