Simon Quick Advisors LLC Buys 193 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Simon Quick Advisors LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,060 shares of the transportation company’s stock after purchasing an additional 193 shares during the period. Simon Quick Advisors LLC’s holdings in Expeditors International of Washington were worth $228,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Expeditors International of Washington by 7.8% in the second quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock worth $5,015,000 after acquiring an additional 2,912 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Expeditors International of Washington by 53.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 1,773 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at about $259,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after buying an additional 10,202 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Expeditors International of Washington during the 2nd quarter valued at approximately $1,989,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Trading Down 1.1 %

Expeditors International of Washington stock opened at $113.01 on Friday. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The stock has a fifty day simple moving average of $115.33 and a two-hundred day simple moving average of $119.62.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. 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 research note on Wednesday, November 6th. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $117.44.

About Expeditors International of Washington

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.