Raymond James Trust N.A. Sells 117 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jan 15th, 2023

Raymond James Trust N.A. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,724 shares of the transportation company’s stock after selling 117 shares during the quarter. Raymond James Trust N.A.’s holdings in Expeditors International of Washington were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Expeditors International of Washington by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock worth $2,338,000 after purchasing an additional 1,404 shares in the last quarter. Sei Investments Co. increased its holdings in Expeditors International of Washington by 6.7% in the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock worth $13,801,000 after purchasing an additional 8,438 shares in the last quarter. National Pension Service increased its holdings in Expeditors International of Washington by 4.9% in the first quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock worth $29,784,000 after purchasing an additional 13,608 shares in the last quarter. Vanguard Group Inc. increased its holdings in Expeditors International of Washington by 1.0% in the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after purchasing an additional 190,319 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its holdings in Expeditors International of Washington by 234.3% in the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after purchasing an additional 403 shares in the last quarter. 93.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $106.59, for a total value of $105,097.74. Following the transaction, the vice president now owns 1,770 shares of the company’s stock, valued at $188,664.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Bradley S. Powell sold 17,206 shares of the company’s stock in a transaction on 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 SEC, which is accessible through this link. Also, VP Jeffrey F. Dickerman sold 986 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the transaction, the vice president now directly owns 1,770 shares in the company, valued at approximately $188,664.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,692 shares of company stock valued at $3,237,336. Insiders own 0.55% of the company’s stock.

Expeditors International of Washington Stock Down 1.3 %

Shares of NASDAQ:EXPD opened at $108.92 on Friday. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 11.44 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $86.08 and a 12-month high of $123.79. The business’s 50 day moving average is $109.43 and its 200 day moving average is $102.04.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last announced its earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.62. Expeditors International of Washington had a return on equity of 44.27% and a net margin of 8.36%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Expeditors International of Washington’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 8.69 earnings per share 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. Shareholders 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 yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 14.08%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPD. Cowen lowered their target price on Expeditors International of Washington to $122.00 in a report on Tuesday, November 15th. Susquehanna Bancshares decreased their price objective on Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. Cowen decreased their price objective on Expeditors International of Washington from $122.00 to $108.00 in a report on Friday, January 6th. Morgan Stanley decreased their price objective on Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a report on Monday, October 3rd. Finally, Barclays decreased their price objective on Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating for the company in a report on Thursday, October 13th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.89.

Expeditors International of Washington Company 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.

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