Zurcher Kantonalbank Zurich Cantonalbank Has $10.21 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 200.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 77,701 shares of the transportation company’s stock after buying an additional 51,852 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Expeditors International of Washington were worth $10,210,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. boosted its position in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares during the last quarter. International Assets Investment Management LLC increased its position in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Assenagon Asset Management S.A. raised its holdings in Expeditors International of Washington by 140.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after purchasing an additional 227,671 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59. The business has a 50 day simple moving average of $121.68 and a 200 day simple moving average of $121.95. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same period last year, the business posted $1.16 earnings per share. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays raised their target price 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. Finally, TD Cowen increased their price target on shares of 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. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average 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.