Victory Capital Management Inc. Purchases 5,438 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 316,736 shares of the transportation company’s stock after acquiring an additional 5,438 shares during the period. Victory Capital Management Inc.’s holdings in Expeditors International of Washington were worth $41,619,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Black Diamond Financial LLC raised its holdings in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 0.7% during the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after acquiring an additional 112 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Expeditors International of Washington by 5.4% during the second quarter. Fidelis Capital Partners LLC now owns 2,282 shares of the transportation company’s stock valued at $267,000 after acquiring an additional 116 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Bank of America increased their price target 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. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.7 %

Expeditors International of Washington stock opened at $120.12 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock’s 50 day simple moving average is $122.06 and its two-hundred day simple moving average is $121.54. The firm has a market cap of $16.81 billion, a PE ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts forecast 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

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.