Cambiar Investors LLC Acquires 1,519 Shares of Expeditors International of Washington, Inc. (EXPD)

Cambiar Investors LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,377 shares of the transportation company’s stock after acquiring an additional 1,519 shares during the period. Cambiar Investors LLC’s holdings in Expeditors International of Washington were worth $4,153,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 1,900 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 471 shares in the last quarter. Merriman Wealth Management LLC purchased a new position in Expeditors International of Washington during the third quarter valued at approximately $208,000. Finally, Pacer Advisors Inc. grew its stake in Expeditors International of Washington by 8.3% during the second quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 286 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Shares of Expeditors International of Washington, Inc. (EXPD) traded down $0.02 on Wednesday, hitting $59.39. 1,238,300 shares of the stock were exchanged, compared to its average volume of 1,117,920. The company has a market cap of $10,557.32, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68. Expeditors International of Washington, Inc. has a 1 year low of $50.48 and a 1 year high of $62.63.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. analysts expect that Expeditors International of Washington, Inc. will post 2.39 earnings per share for the current fiscal year.

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

EXPD has been the subject of several research analyst reports. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG lifted their target price on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. Cowen and Company lifted their target price on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, November 9th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Expeditors International of Washington in a research report on Monday. They set a “neutral” rating and a $59.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $59.38.

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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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