FORA Capital LLC Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

FORA Capital LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,591 shares of the transportation company’s stock after selling 610 shares during the quarter. FORA Capital LLC’s holdings in Expeditors International of Washington were worth $2,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EXPD. Hara Capital LLC bought a new position in Expeditors International of Washington during the 3rd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $52,000. Finally, Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $59,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD traded up $0.41 during trading on Wednesday, hitting $122.06. The stock had a trading volume of 38,779 shares, compared to its average volume of 1,214,958. The stock has a 50 day simple moving average of $121.88 and a two-hundred day simple moving average of $121.87. The company has a market capitalization of $17.09 billion, a PE ratio of 23.86, a PEG ratio of 3.51 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 37.0% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. 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 shares of 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen lifted 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 note on Wednesday, November 6th. Finally, Barclays increased their price objective on 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. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.44.

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.