Schroder Investment Management Group Sells 328,946 Shares of Expeditors International of Washington, Inc. (EXPD)

Schroder Investment Management Group trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 68.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,876 shares of the transportation company’s stock after selling 328,946 shares during the period. Schroder Investment Management Group owned about 0.09% of Expeditors International of Washington worth $9,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Expeditors International of Washington by 9.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,699 shares of the transportation company’s stock valued at $880,000 after purchasing an additional 1,314 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Expeditors International of Washington by 144.0% during the third quarter. JPMorgan Chase & Co. now owns 497,083 shares of the transportation company’s stock valued at $29,642,000 after purchasing an additional 293,338 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Expeditors International of Washington by 6.7% during the third quarter. Legal & General Group Plc now owns 1,165,449 shares of the transportation company’s stock valued at $69,763,000 after purchasing an additional 73,238 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Expeditors International of Washington by 5.5% during the third quarter. Great West Life Assurance Co. Can now owns 237,684 shares of the transportation company’s stock valued at $14,147,000 after purchasing an additional 12,386 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Expeditors International of Washington by 33.3% during the third quarter. Nordea Investment Management AB now owns 18,574 shares of the transportation company’s stock valued at $1,112,000 after purchasing an additional 4,637 shares in the last quarter. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on EXPD. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Barclays lifted their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Cowen lifted their price objective on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. UBS lifted their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.78% of the stock is currently owned by insiders.

Expeditors International of Washington, Inc. (EXPD) opened at $64.46 on Friday. The firm has a market cap of $11,433.40, a PE ratio of 26.92, a PEG ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a 12 month low of $51.57 and a 12 month high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. analysts expect that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is currently 35.15%.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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