Cairn Investment Group Inc. Sells 110 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cairn Investment Group Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,821 shares of the transportation company’s stock after selling 110 shares during the period. Expeditors International of Washington makes up 2.8% of Cairn Investment Group Inc.’s portfolio, making the stock its 10th biggest holding. Cairn Investment Group Inc.’s holdings in Expeditors International of Washington were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Two Sigma Advisers LP grew its holdings in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after buying an additional 399,800 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after buying an additional 308,390 shares in the last quarter. KBC Group NV grew its holdings in Expeditors International of Washington by 836.7% in the 4th quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after buying an additional 303,438 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after buying an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. TD Cowen upped their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Stock Up 0.2 %

Shares of EXPD opened at $114.39 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The business has a 50-day simple moving average of $115.07 and a two-hundred day simple moving average of $119.49. The stock has a market cap of $16.01 billion, a PE ratio of 21.90, a PEG ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.