Expeditors International of Washington, Inc. $EXPD Stake Lifted by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Expeditors stake by 22.9% in the third quarter, bringing its holdings to 44,613 shares valued at about $8.27 million. Institutional investors collectively own 94.02% of the company’s stock.
• Expeditors reported quarterly earnings of $2.65 per share, beating the $2.22 consensus estimate; revenue rose 41.9% year over year.
• Analysts’ average rating was “Hold,” with an average price target of $181.27. The company also announced a $0.81-per-share dividend.

Candriam S.C.A. boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 22.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,613 shares of the transportation company's stock after purchasing an additional 8,315 shares during the period. Candriam S.C.A.'s holdings in Expeditors International of Washington were worth $8,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EXPD. State Street Corp raised its stake in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company's stock valued at $1,195,498,000 after purchasing an additional 109,798 shares in the last quarter. Kentucky Retirement Systems increased its holdings in Expeditors International of Washington by 97.2% in the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company's stock valued at $2,431,000 after buying an additional 8,367 shares during the last quarter. Deutsche Bank AG bought a new stake in Expeditors International of Washington in the second quarter valued at about $102,595,000. Allianz Asset Management GmbH raised its stake in Expeditors International of Washington by 44.5% during the second quarter. Allianz Asset Management GmbH now owns 612,352 shares of the transportation company's stock valued at $99,801,000 after buying an additional 188,581 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Expeditors International of Washington by 40.6% during the second quarter. Squarepoint Ops LLC now owns 173,669 shares of the transportation company's stock valued at $28,305,000 after buying an additional 50,157 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 2.6%

Expeditors International of Washington stock opened at $189.38 on Tuesday. The firm has a 50-day moving average price of $192.26 and a two-hundred day moving average price of $168.02. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 5.00 and a beta of 1.08. Expeditors International of Washington, Inc. has a 52-week low of $129.59 and a 52-week high of $207.93.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the company earned $1.64 EPS. The firm's revenue for the quarter was up 41.9% compared to the same quarter last year. Research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a yield of 79.0%. Expeditors International of Washington's payout ratio is presently 20.56%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Expeditors International of Washington from $165.00 to $175.00 and gave the company an "underweight" rating in a research report on Wednesday, November 4th. BNP Paribas Exane assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a "neutral" rating and a $180.00 price target on the stock. UBS Group lifted their price target on shares of Expeditors International of Washington from $220.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $214.00 to $220.00 and gave the company a "neutral" rating in a research report on Wednesday, November 4th. Finally, Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a "market perform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $181.27.

About Expeditors International of Washington

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