B. Metzler seel. Sohn & Co. AG Has $688,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Nov 28th, 2022

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 12.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,055 shares of the transportation company’s stock after selling 958 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Expeditors International of Washington were worth $688,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. lifted 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 acquiring an additional 218 shares during the last quarter. Allworth Financial LP lifted 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 acquiring an additional 258 shares during the last quarter. Lindbrook Capital LLC lifted 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 acquiring an additional 124 shares during the last quarter. TCI Wealth Advisors Inc. lifted 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 acquiring an additional 290 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $29,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPD has been the subject of a number of research reports. Wells Fargo & Company cut shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating and set a $95.00 target price for the company. in a report on Tuesday, November 22nd. Cowen dropped their target price on shares of Expeditors International of Washington to $122.00 in a report on Tuesday, November 15th. Susquehanna dropped their price objective on shares of Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. StockNews.com began coverage on shares of Expeditors International of Washington in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Barclays dropped their price objective on shares of 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 five have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.13.

Insider Transactions at Expeditors International of Washington

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

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $112.77 on Monday. Expeditors International of Washington, Inc. has a 52-week low of $86.08 and a 52-week high of $137.80. The firm has a 50 day moving average price of $97.40 and a two-hundred day moving average price of $100.77. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 11.85 and a beta of 0.93.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.63. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business earned $2.09 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Expeditors International of Washington, Inc. will post 8.14 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.67 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is 14.08%.

About Expeditors International of Washington

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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.