Unigestion Holding SA Increases Stake in Expeditors International of Washington (EXPD)

Unigestion Holding SA grew its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 120.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,905 shares of the transportation company’s stock after purchasing an additional 75,905 shares during the period. Unigestion Holding SA owned approximately 0.08% of Expeditors International of Washington worth $10,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $113,000. Meeder Asset Management Inc. acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $116,000. Fort L.P. acquired a new position in shares of Expeditors International of Washington during the second quarter valued at about $118,000. Parallel Advisors LLC raised its holdings in shares of Expeditors International of Washington by 70.7% during the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock valued at $170,000 after purchasing an additional 966 shares during the period. Finally, MainStreet Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at about $198,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

NASDAQ:EXPD opened at $71.73 on Friday. The stock has a market cap of $12.79 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.74. Expeditors International of Washington has a one year low of $58.66 and a one year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 6th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.78 by $0.14. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. Expeditors International of Washington had a net margin of 7.76% and a return on equity of 28.98%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, research analysts anticipate that Expeditors International of Washington will post 3.22 EPS for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, November 30th. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.42. This represents a dividend yield of 1.23%. Expeditors International of Washington’s payout ratio is presently 36.29%.

EXPD has been the topic of several research reports. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Thursday. Deutsche Bank set a $72.00 price objective on shares of Expeditors International of Washington and gave the company a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Cowen reiterated a “market perform” rating and set a $73.00 price objective (up previously from $70.00) on shares of Expeditors International of Washington in a report on Tuesday, August 7th. Finally, Credit Suisse Group dropped their price objective on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a report on Wednesday, August 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $67.50.

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Expeditors International of Washington Profile

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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