BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 70,174 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,227 shares of the transportation company’s stock after purchasing an additional 70,174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Expeditors International of Washington were worth $27,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington in the 2nd quarter worth about $52,000. Finally, Maia Wealth LLC bought a new stake in Expeditors International of Washington during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $121.32 on Friday. The company’s 50-day simple moving average is $121.86 and its 200-day simple moving average is $121.75. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The stock has a market capitalization of $16.98 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm 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 dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Analyst Ratings Changes

A number of equities analysts have commented on EXPD shares. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, TD Cowen increased their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $118.44.

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.