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

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 200.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,701 shares of the transportation company’s stock after purchasing an additional 51,852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Expeditors International of Washington worth $10,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPD. CreativeOne Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $239,000. Glenmede Trust Co. NA grew its holdings in Expeditors International of Washington by 16.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company’s stock valued at $1,754,000 after buying an additional 1,878 shares during the last quarter. Townsquare Capital LLC increased its position in Expeditors International of Washington by 31.5% in the 3rd quarter. Townsquare Capital LLC now owns 18,416 shares of the transportation company’s stock worth $2,420,000 after buying an additional 4,408 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Expeditors International of Washington by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 323,772 shares of the transportation company’s stock worth $42,544,000 after buying an additional 82,238 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $228,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.3 %

NASDAQ EXPD opened at $121.64 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $111.20 and a 1-year high of $131.59. The stock’s 50 day moving average is $121.68 and its two-hundred day moving average is $121.95. The company has a market capitalization 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 announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share 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. Investors of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays boosted 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 report on Wednesday, November 6th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen boosted their price target on 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. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.