Raymond James & Associates Buys 1,684 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jan 8th, 2023

Raymond James & Associates grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,695 shares of the transportation company’s stock after purchasing an additional 1,684 shares during the period. Raymond James & Associates owned approximately 0.15% of Expeditors International of Washington worth $22,933,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. raised its holdings in shares of Expeditors International of Washington by 605.6% in the second quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock worth $25,000 after buying an additional 218 shares during the period. Allworth Financial LP raised its holdings in shares of Expeditors International of Washington by 2,866.7% in the second quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock worth $26,000 after buying an additional 258 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Expeditors International of Washington by 78.0% in the second quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock worth $28,000 after buying an additional 124 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 3,625.0% in the second quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock worth $29,000 after buying an additional 290 shares during the period. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $29,000. 93.26% of the stock is owned by institutional investors.

Insider Transactions at Expeditors International of Washington

In other news, CFO Bradley S. Powell sold 17,206 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $106.23, for a total value of $1,827,793.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Expeditors International of Washington news, CFO Bradley S. Powell sold 17,206 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $106.23, for a total transaction of $1,827,793.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eugene K. Alger sold 11,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $113.43, for a total value of $1,304,445.00. Following the sale, the insider now directly owns 17,879 shares of the company’s stock, valued at approximately $2,028,014.97. The disclosure for this sale can be found here. Insiders sold 29,692 shares of company stock valued at $3,237,336 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Trading Up 3.1 %

Shares of NASDAQ:EXPD opened at $108.18 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $130.89. The business’s fifty day simple moving average is $108.06 and its 200-day simple moving average is $101.64. The company has a market capitalization of $17.22 billion, a PE ratio of 11.36 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The transportation company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.62. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Expeditors International of Washington had a return on equity of 44.27% and a net margin of 8.36%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. Research analysts predict that Expeditors International of Washington, Inc. will post 8.69 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 14.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on EXPD shares. Wells Fargo & Company downgraded Expeditors International of Washington from an “equal weight” rating to an “underweight” rating and set a $95.00 price objective on the stock. in a report on Tuesday, November 22nd. Cowen reduced their price objective on Expeditors International of Washington to $122.00 in a report on Tuesday, November 15th. Morgan Stanley reduced their price objective on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating on the stock in a report on Monday, October 3rd. Barclays reduced their price objective on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. Finally, Susquehanna Bancshares reduced their price objective on Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $99.89.

Expeditors International of Washington Profile

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.