Camden National Bank Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Camden National Bank cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 45,238 shares of the transportation company’s stock after selling 972 shares during the period. Camden National Bank’s holdings in Expeditors International of Washington were worth $5,944,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EXPD. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington during the second quarter valued at $35,000. Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington in the second quarter worth $52,000. Finally, Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the third quarter worth $59,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.5 %

Shares of EXPD stock opened at $121.32 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock has a market cap of $16.98 billion, a P/E ratio of 23.53, a P/E/G ratio of 3.47 and a beta of 0.98. The company has a 50 day simple moving average of $121.86 and a two-hundred day simple moving average of $121.75.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

EXPD has been the subject of several recent analyst reports. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. TD Cowen upped 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 research note on Wednesday, November 6th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.