Expeditors International of Washington, Inc. $EXPD Stake Lessened by Compass Capital Management Inc.

Compass Capital Management Inc. reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,211 shares of the transportation company’s stock after selling 12,965 shares during the quarter. Compass Capital Management Inc.’s holdings in Expeditors International of Washington were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Compass Wealth Management LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter worth about $27,000. Latitude Advisors LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $27,000. Fortitude Family Office LLC grew its holdings in Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after buying an additional 76 shares during the period. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $33,000. Finally, Continuum Advisory LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $33,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXPD shares. Barclays raised their target price on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 4th. Bank of America upped their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 4th. BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, September 30th. They set a “neutral” rating and a $180.00 price target on the stock. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $181.27.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $195.14 on Friday. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. Expeditors International of Washington, Inc. has a 12 month low of $129.59 and a 12 month high of $207.93. The stock’s 50-day moving average is $192.73 and its 200-day moving average is $168.70.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The firm’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.81 per share. This represents a yield of 79.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Expeditors International of Washington’s payout ratio is 20.56%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.