Coldstream Capital Management Inc. Acquires 4,519 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Coldstream Capital Management Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,867 shares of the transportation company’s stock after purchasing an additional 4,519 shares during the period. Coldstream Capital Management Inc.’s holdings in Expeditors International of Washington were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $26,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $52,000. Finally, Maia Wealth LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $59,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD opened at $121.21 on Wednesday. The company has a market capitalization of $16.97 billion, a PE ratio of 23.63, a PEG ratio of 3.38 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock’s 50-day moving average price is $120.65 and its two-hundred day moving average price is $122.13.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio 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.