Aigen Investment Management LP Buys New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Aigen Investment Management LP purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,312 shares of the transportation company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. D. E. Shaw & Co. Inc. boosted its position in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after purchasing an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after acquiring an additional 308,390 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after acquiring an additional 265,111 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Expeditors International of Washington by 140.2% during the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after purchasing an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Barclays raised 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. Four investment 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, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Stock Down 0.7 %

Expeditors International of Washington stock opened at $120.12 on Friday. The company has a market capitalization of $16.81 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98. The firm has a 50 day moving average price of $122.06 and a 200-day moving average price of $121.54. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results 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 return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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