Bank of Montreal Can Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Nov 24th, 2022

Bank of Montreal Can reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 47.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,676 shares of the transportation company’s stock after selling 104,138 shares during the quarter. Bank of Montreal Can owned about 0.07% of Expeditors International of Washington worth $11,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EXPD. Valley National Advisers Inc. increased its holdings in shares of Expeditors International of Washington by 605.6% in the 2nd quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 218 shares during the period. Allworth Financial LP lifted its holdings in shares of Expeditors International of Washington by 2,866.7% in the 2nd quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after buying an additional 258 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Expeditors International of Washington by 78.0% in the 2nd quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock valued at $28,000 after buying an additional 124 shares during the period. TCI Wealth Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 3,625.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after buying an additional 290 shares during the period. Finally, Venture Visionary Partners LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $29,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. Susquehanna decreased their price objective on Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. StockNews.com assumed coverage on Expeditors International of Washington in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley reduced their price target 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. Susquehanna Bancshares reduced their price target on Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. Finally, Cowen reduced their price target on Expeditors International of Washington to $122.00 in a report on Tuesday, November 15th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.13.

Expeditors International of Washington Stock Performance

EXPD opened at $113.99 on Thursday. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $137.80. The stock has a market capitalization of $18.14 billion, a PE ratio of 11.97 and a beta of 0.93. The business’s 50 day moving average price is $96.66 and its 200 day moving average price is $100.77.

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

Expeditors International of Washington Dividend Announcement

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

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Eugene K. Alger sold 11,500 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $113.43, for a total transaction of $1,304,445.00. Following the transaction, the insider now directly owns 17,879 shares in the company, valued at $2,028,014.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expeditors International of Washington news, insider Eugene K. Alger sold 11,500 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $113.43, for a total transaction of $1,304,445.00. Following the transaction, the insider now directly owns 17,879 shares in the company, valued at $2,028,014.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 986 shares of the company’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 in the company, valued at $188,664.30. The disclosure for this sale can be found here. Insiders have sold 29,692 shares of company stock worth $3,237,336 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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.