Foster & Motley Inc. Sells 3,006 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Foster & Motley Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,681 shares of the transportation company’s stock after selling 3,006 shares during the quarter. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $1,737,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Expeditors International of Washington in the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the third quarter worth $57,000. Maia Wealth LLC bought a new position in Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $113.76 on Friday. The stock has a market capitalization of $15.92 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. The business’s fifty day moving average is $114.93 and its 200 day moving average is $119.45. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. The business 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 for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EXPD shares. Bank of America reduced their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.44.

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.