Brooklyn Investment Group Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Brooklyn Investment Group purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 1,735 shares of the transportation company’s stock, valued at approximately $228,000.

A number of other hedge funds have also bought and sold shares of EXPD. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington during the second quarter worth approximately $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the 2nd quarter worth $35,000. Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington in the 2nd quarter valued at $52,000. Finally, Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $59,000. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on EXPD. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen raised their target price 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. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Down 0.6 %

Shares of EXPD opened at $121.65 on Wednesday. The stock has a market cap of $17.03 billion, a PE ratio of 23.86, a PEG ratio of 3.51 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The business has a 50-day simple moving average of $121.88 and a two-hundred day simple moving average of $121.87.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Expeditors International of Washington Company 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.