Banque Cantonale Vaudoise Increases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Banque Cantonale Vaudoise grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,413 shares of the transportation company’s stock after buying an additional 4,129 shares during the period. Banque Cantonale Vaudoise’s holdings in Expeditors International of Washington were worth $3,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPD. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $26,000. Crewe Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EXPD. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 1.9 %

Shares of NASDAQ:EXPD opened at $118.01 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The company’s 50 day moving average is $121.94 and its two-hundred day moving average is $121.74. The company has a market cap of $16.52 billion, a PE ratio of 23.00, a P/E/G ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.