Cubist Systematic Strategies LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ: EXPD – Get Rating) by 40.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,145 shares of the transportation company stock after selling 20,460 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Expeditors International of Washington were worth $ 4,048,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Expeditors International of Washington by 13.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 94,976 shares of the transportation company stock worth $ 12,669,000 after buying an additional 11,062 shares during the period. Delos Wealth Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $ 27,000. Adage Capital Partners GP LLC grew its position in shares of Expeditors International of Washington by 7.3% during the 4th quarter. Adage Capital Partners GP LLC now owns 60,500 shares of the transportation company stock worth $ 8,125,000 after buying an additional 4,100 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Expeditors International of Washington by 201.9% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 422,742 shares of the transportation company stock worth $ 56,770,000 after buying an additional 282,729 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $ 585,000. 92.14% of the stock is owned by institutional investors and hedge funds.
Shares of EXPD stock opened at $ 98.46 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $ 94.95 and a 52-week high of $ 137.80. The company has a 50-day simple moving average of $ 103.87 and a two-hundred day simple moving average of $ 111.60. The company has a market capitalization of $ 16.52 billion, a price-to-earnings ratio of 11.40 and a beta of 0.85.
Expeditors International of Washington (NASDAQ: EXPD – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $ 2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.77 by $ 0.28. Expeditors International of Washington had a net margin of 8.20% and a return on equity of 42.58%. The business had revenue of $ 4.66 billion during the quarter, compared to the estimate consensus of $ 4.26 billion. During the same period in the prior year, the firm posted $ 1.67 EPS. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 7.63 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a $ 0.67 dividend. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $ 0.58. The ex-dividend date of this dividend is Tuesday, May 31st. Expeditors International of Washington’s dividend payout ratio is presently 15.51%.
Several research firms recently issued reports on EXPD. Morgan Stanley reduced their price target on shares of Expeditors International of Washington from $ 95.00 to $ 94.00 and set an “underweight” rating for the company in a research report on Monday, February 28th. Susquehanna reduced their price target on shares of Expeditors International of Washington from $ 130.00 to $ 115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 23rd. The Goldman Sachs Group reduced their price target on shares of Expeditors International of Washington from $ 117.00 to $ 101.00 in a research report on Tuesday, February 22nd. Cowen lifted their price target on shares of Expeditors International of Washington from $ 111.00 to $ 125.00 in a research report on Thursday, May 5th. Finally, Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, April 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $ 114.44.
Expeditors International of Washington Profile: (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.
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