KBC Group NV Buys 1,225 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,267 shares of the transportation company’s stock after purchasing an additional 1,225 shares during the period. KBC Group NV’s holdings in Expeditors International of Washington were worth $4,765,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXPD. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter valued at about $26,000. Crewe Advisors LLC bought a new position in shares of Expeditors International of Washington during the first quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXPD shares. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. 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 presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Trading Down 0.7 %

EXPD stock opened at $120.16 on Monday. The stock has a market cap of $16.82 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The stock’s fifty day simple moving average is $122.06 and its two-hundred day simple moving average is $121.67.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm earned $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is 28.46%.

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.