Townsquare Capital LLC Buys 4,408 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Townsquare Capital LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,416 shares of the transportation company’s stock after buying an additional 4,408 shares during the quarter. Townsquare Capital LLC’s holdings in Expeditors International of Washington were worth $2,420,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington during the second quarter valued at $35,000. Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington during the second quarter worth about $52,000. Finally, Maia Wealth LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth about $59,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXPD. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Up 0.3 %

NASDAQ EXPD opened at $121.64 on Friday. The company has a 50-day simple moving average of $121.68 and a two-hundred day simple moving average of $121.92. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.44 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Expeditors International of Washington Company 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.