Dupont Capital Management Corp Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jan 21st, 2023

Dupont Capital Management Corp trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460 shares of the transportation company’s stock after selling 305 shares during the quarter. Dupont Capital Management Corp’s holdings in Expeditors International of Washington were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Renaissance Technologies LLC grew its stake in Expeditors International of Washington by 1,025.5% during the 1st quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after purchasing an additional 902,600 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Expeditors International of Washington by 266.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,180,808 shares of the transportation company’s stock valued at $115,083,000 after purchasing an additional 858,185 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Expeditors International of Washington by 99.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,060,119 shares of the transportation company’s stock valued at $103,319,000 after purchasing an additional 529,349 shares during the last quarter. Nordea Investment Management AB grew its stake in Expeditors International of Washington by 32.0% during the 2nd quarter. Nordea Investment Management AB now owns 1,667,704 shares of the transportation company’s stock valued at $161,651,000 after purchasing an additional 404,737 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Expeditors International of Washington by 13,716.5% during the 3rd quarter. Pacer Advisors Inc. now owns 395,152 shares of the transportation company’s stock valued at $34,896,000 after purchasing an additional 392,292 shares during the last quarter. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

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

Expeditors International of Washington Trading Up 1.2 %

NASDAQ EXPD opened at $106.73 on Friday. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 11.21 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $119.26. The stock has a 50-day moving average of $109.64 and a 200 day moving average of $102.35.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last announced its earnings results on Tuesday, November 8th. The transportation company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 8.69 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 30th. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 14.08%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. Wells Fargo & Company downgraded Expeditors International of Washington from an “equal weight” rating to an “underweight” rating and set a $95.00 target price on the stock. in a research note on Tuesday, November 22nd. Susquehanna Bancshares lowered their target price on Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. BNP Paribas initiated coverage on Expeditors International of Washington in a research note on Thursday, December 1st. They issued a “neutral” rating and a $107.00 target price on the stock. Cowen lowered their target price on Expeditors International of Washington from $122.00 to $108.00 in a research note on Friday, January 6th. Finally, StockNews.com initiated coverage on Expeditors International of Washington in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently 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.