Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,133 shares of the transportation company’s stock after acquiring an additional 4,962 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Expeditors International of Washington were worth $1,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPD. Inspire Investing LLC raised its holdings in Expeditors International of Washington by 9.4% during the 4th quarter. Inspire Investing LLC now owns 10,373 shares of the transportation company’s stock worth $1,149,000 after buying an additional 889 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $11,219,000. SG Americas Securities LLC lifted its position in shares of Expeditors International of Washington by 406.3% in the 4th quarter. SG Americas Securities LLC now owns 35,024 shares of the transportation company’s stock valued at $3,880,000 after acquiring an additional 28,107 shares in the last quarter. Eads & Heald Wealth Management boosted its stake in Expeditors International of Washington by 1.7% in the 4th quarter. Eads & Heald Wealth Management now owns 19,039 shares of the transportation company’s stock worth $2,109,000 after purchasing an additional 320 shares during the period. Finally, Simon Quick Advisors LLC grew its position in Expeditors International of Washington by 10.3% during the 4th quarter. Simon Quick Advisors LLC now owns 2,060 shares of the transportation company’s stock worth $228,000 after purchasing an additional 193 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 1.7 %

EXPD stock opened at $114.27 on Friday. The firm has a 50 day moving average of $115.47 and a two-hundred day moving average of $119.67. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 28.46%.

Analysts Set New Price Targets

Several brokerages have recently commented on EXPD. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington 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.