Banco Santander S.A. Decreases Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Banco Santander S.A. cut its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,770 shares of the transportation company’s stock after selling 3,000 shares during the period. Banco Santander S.A.’s holdings in Expeditors International of Washington were worth $2,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Payson & Co. purchased a new stake in Expeditors International of Washington during the 2nd quarter valued at $26,000. Cornerstone Advisors Inc. increased its stake in shares of Expeditors International of Washington by 115.6% in the 3rd quarter. Cornerstone Advisors Inc. now owns 345 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $33,000. Whittier Trust Co. increased its stake in shares of Expeditors International of Washington by 67.3% in the 3rd quarter. Whittier Trust Co. now owns 460 shares of the transportation company’s stock worth $34,000 after purchasing an additional 185 shares in the last quarter. Finally, Lenox Wealth Management Inc. increased its stake in shares of Expeditors International of Washington by 98.9% in the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 39,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $71.24, for a total value of $2,778,360.00. Following the completion of the sale, the insider now owns 48,787 shares in the company, valued at approximately $3,475,585.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philip M. Coughlin sold 185,686 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $76.74, for a total value of $14,249,543.64. The disclosure for this sale can be found here. Insiders sold a total of 262,546 shares of company stock valued at $19,835,874 in the last quarter. 1.20% of the stock is currently owned by company insiders.

NASDAQ:EXPD opened at $76.20 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 21.90 and a beta of 0.95. Expeditors International of Washington has a one year low of $62.90 and a one year high of $81.15. The business has a fifty day moving average price of $74.09 and a 200-day moving average price of $73.77.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business posted $0.92 EPS. Expeditors International of Washington’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington will post 3.51 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.50 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is presently 28.74%.

Several equities research analysts have recently commented on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, September 10th. Morgan Stanley upped their price objective on Expeditors International of Washington from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday. Credit Suisse Group upped their price objective on Expeditors International of Washington from $67.00 to $70.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 6th. Barclays lowered Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $78.00 to $72.00 in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. Finally, UBS Group set a $67.00 price objective on Expeditors International of Washington and gave the stock a “sell” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.40.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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