Machina Capital S.A.S. Sells 2,830 Shares of Expeditors International of Washington, Inc. $EXPD

Machina Capital S.A.S. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,437 shares of the transportation company’s stock after selling 2,830 shares during the period. Machina Capital S.A.S.’s holdings in Expeditors International of Washington were worth $1,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. BlackRock Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $2,193,093,000. State Street Corp grew its holdings in shares of Expeditors International of Washington by 1.5% in the second quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after purchasing an additional 109,798 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Expeditors International of Washington by 0.8% in the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after purchasing an additional 21,400 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 2.7% in the second quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock worth $365,021,000 after buying an additional 57,823 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Expeditors International of Washington by 10.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock worth $351,273,000 after buying an additional 195,351 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $195.58 on Friday. The firm has a market cap of $25.25 billion, a P/E ratio of 34.19, a P/E/G ratio of 5.00 and a beta of 1.08. Expeditors International of Washington, Inc. has a fifty-two week low of $129.59 and a fifty-two week high of $207.93. The business’s 50 day moving average price is $192.57 and its 200-day moving average price is $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The firm’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.81 dividend. The ex-dividend date is Tuesday, December 1st. This represents a yield of 79.0%. Expeditors International of Washington’s payout ratio is 20.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXPD. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. TD Cowen raised their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. UBS Group boosted their price objective on shares of Expeditors International of Washington from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. Finally, Truist Financial upped their price objective on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $181.27.

About Expeditors International of Washington

Expeditors International of Washington is a global, non-asset-based logistics company that helps businesses move goods and manage supply chains. Founded in Seattle in 1979, the company arranges transportation and related services through its worldwide network. Its services include air and ocean freight forwarding, customs brokerage, cargo insurance, warehousing and distribution, and order and supply chain management. Expeditors coordinates shipments with carriers and other service providers rather than operating as a traditional transportation company.