Expeditors International of Washington (EXPD) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp lowered its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 43.9% in the 1st quarter, Holdings Channel reports. The firm owned 3,067 shares of the transportation company’s stock after selling 2,400 shares during the quarter. Dupont Capital Management Corp’s holdings in Expeditors International of Washington were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Ronna Sue Cohen lifted its stake in Expeditors International of Washington by 4.3% during the first quarter. Ronna Sue Cohen now owns 3,911 shares of the transportation company’s stock worth $297,000 after purchasing an additional 160 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in Expeditors International of Washington by 2.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 7,426 shares of the transportation company’s stock worth $505,000 after purchasing an additional 167 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Expeditors International of Washington by 2.1% during the fourth quarter. Mackenzie Financial Corp now owns 8,341 shares of the transportation company’s stock worth $568,000 after purchasing an additional 169 shares during the last quarter. Securian Asset Management Inc lifted its stake in Expeditors International of Washington by 1.0% during the fourth quarter. Securian Asset Management Inc now owns 17,801 shares of the transportation company’s stock worth $1,212,000 after purchasing an additional 173 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Expeditors International of Washington by 8.0% during the fourth quarter. Parallel Advisors LLC now owns 2,403 shares of the transportation company’s stock worth $163,000 after purchasing an additional 178 shares during the last quarter. 94.19% of the stock is owned by hedge funds and other institutional investors.

EXPD has been the subject of several research analyst reports. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Cowen reissued a “market perform” rating and issued a $76.00 target price (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday, May 8th. Credit Suisse Group boosted their target price on Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research note on Wednesday, February 20th. Finally, Stifel Nicolaus set a $77.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $74.29.

NASDAQ EXPD opened at $72.83 on Wednesday. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $12.41 billion, a PE ratio of 20.93 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Expeditors International of Washington will post 3.53 earnings per share for the current year.

The business also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.50 dividend. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s payout ratio is 25.86%.

In other Expeditors International of Washington news, insider Daniel R. Wall sold 9,109 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $75.25, for a total transaction of $685,452.25. Following the completion of the transaction, the insider now owns 40,079 shares of the company’s stock, valued at approximately $3,015,944.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Mcclincy sold 1,960 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $77.09, for a total value of $151,096.40. Following the transaction, the vice president now directly owns 12,848 shares of the company’s stock, valued at approximately $990,452.32. The disclosure for this sale can be found here. In the last three months, insiders sold 26,183 shares of company stock valued at $1,972,217. 1.20% of the stock is currently owned by corporate insiders.

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About Expeditors International of Washington

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, and other logistics solutions.

See Also: Net Income

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

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