ING Groep NV Sells 9,132 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ING Groep NV decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 48.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,875 shares of the transportation company’s stock after selling 9,132 shares during the period. ING Groep NV’s holdings in Expeditors International of Washington were worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $52,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EXPD. TD Cowen raised their price target on shares of 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $120.16 on Monday. The company’s fifty day simple moving average is $122.06 and its 200-day simple moving average is $121.67. The stock has a market capitalization of $16.82 billion, a PE ratio of 23.42, a P/E/G ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59.

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

Expeditors International of Washington Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington Company Profile

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.