Dimensional Fund Advisors LP Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Dimensional Fund Advisors LP grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,261,470 shares of the transportation company's stock after purchasing an additional 72,193 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of Expeditors International of Washington worth $160,463,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Versor Investments LP raised its position in shares of Expeditors International of Washington by 12.8% during the 3rd quarter. Versor Investments LP now owns 5,304 shares of the transportation company's stock valued at $608,000 after purchasing an additional 600 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Expeditors International of Washington by 71.9% in the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company's stock worth $29,009,000 after buying an additional 95,389 shares during the last quarter. Summit Trail Advisors LLC raised its position in shares of Expeditors International of Washington by 3.1% during the 4th quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company's stock valued at $46,990,000 after buying an additional 11,000 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Expeditors International of Washington by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company's stock valued at $57,524,000 after buying an additional 13,811 shares in the last quarter. Finally, Stonebrook Private Inc. bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $3,201,000. 94.02% of the stock is owned by institutional investors.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares of the company's stock, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The disclosure for this sale can be found here. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America started coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They set a "neutral" rating and a $126.00 price target on the stock. Susquehanna raised their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, May 8th. BNP Paribas upgraded Expeditors International of Washington from an "underperform" rating to a "neutral" rating and set a $112.00 target price on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $111.63.

Expeditors International of Washington Stock Up 0.3 %

EXPD stock traded up $0.31 during mid-day trading on Friday, hitting $117.95. 865,161 shares of the company were exchanged, compared to its average volume of 1,211,880. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The business has a fifty day simple moving average of $117.39 and a 200-day simple moving average of $120.59. The firm has a market capitalization of $16.66 billion, a P/E ratio of 24.93, a PEG ratio of 6.46 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the business posted $1.45 earnings per share. Expeditors International of Washington's revenue was down 14.9% compared to the same quarter last year. Research analysts predict that Expeditors International of Washington, Inc. will post 4.82 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington's payout ratio is 29.24%.

Expeditors International of Washington 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.