Pacer Advisors Inc. Lowers Position in Expeditors International of Washington, Inc. $EXPD

Pacer Advisors Inc. trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,093 shares of the transportation company’s stock after selling 41,142 shares during the quarter. Pacer Advisors Inc.’s holdings in Expeditors International of Washington were worth $55,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clifford Swan Investment Counsel LLC grew its holdings in shares of Expeditors International of Washington by 18.0% in the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock valued at $8,136,000 after acquiring an additional 10,858 shares in the last quarter. American Century Companies Inc. grew its stake in Expeditors International of Washington by 48.0% in the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after purchasing an additional 118,114 shares during the period. Prudential Financial Inc. increased its position in shares of Expeditors International of Washington by 7.2% during the 2nd quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock valued at $9,437,000 after purchasing an additional 5,537 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Expeditors International of Washington during the 2nd quarter worth $21,493,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth about $3,359,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.5%

Expeditors International of Washington stock opened at $152.30 on Friday. The firm has a 50 day simple moving average of $140.14 and a 200 day simple moving average of $125.83. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $155.04. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.77 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $128.80.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.