Van ECK Associates Corp Has $2.64 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jan 14th, 2023

Van ECK Associates Corp boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,840 shares of the transportation company’s stock after buying an additional 1,580 shares during the period. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $2,635,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. lifted its stake in 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 purchasing an additional 218 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Expeditors International of Washington by 2,866.7% during 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 in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Expeditors International of Washington by 78.0% during 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 in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 3,625.0% during 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 in the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth $29,000. 93.26% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 1.3 %

NASDAQ EXPD opened at $108.92 on Friday. The company has a market capitalization 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 twelve month low of $86.08 and a twelve month high of $123.79. The stock has a fifty day simple moving average of $109.43 and a 200 day simple moving average of $102.01.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly 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. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Research analysts expect that Expeditors International of Washington, Inc. will post 8.69 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $0.67 per share. 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 (DPR) is currently 14.08%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EXPD shares. Susquehanna Bancshares lowered their price target on shares of Expeditors International of Washington from $110.00 to $95.00 in a report on Wednesday, November 9th. BNP Paribas started coverage on shares of Expeditors International of Washington in a report on Thursday, December 1st. They set a “neutral” rating and a $107.00 price target for the company. Morgan Stanley lowered their price target on shares of 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. StockNews.com started coverage on shares of Expeditors International of Washington in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Susquehanna decreased 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 assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $99.89.

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 company’s stock in a transaction on Wednesday, November 9th. The shares were 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 available at the SEC website. In other news, CFO Bradley S. Powell sold 17,206 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $106.23, for a total transaction of $1,827,793.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eugene K. Alger sold 11,500 shares of the stock in a transaction dated 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 approximately $2,028,014.97. 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. 0.55% of the stock is currently owned by insiders.

About Expeditors International of Washington

(Get Rating)

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.