BB&T Securities LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,459 shares of the transportation company’s stock after acquiring an additional 4,107 shares during the period. BB&T Securities LLC’s holdings in Expeditors International of Washington were worth $2,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EXPD. Canada Pension Plan Investment Board lifted its position in shares of Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after buying an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after buying an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Expeditors International of Washington by 22.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after buying an additional 471 shares during the last quarter. Merriman Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth about $208,000. Finally, Pacer Advisors Inc. lifted its position in shares of Expeditors International of Washington by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 3,747 shares of the transportation company’s stock worth $212,000 after buying an additional 286 shares during the last quarter. 93.76% of the stock is owned by institutional investors.

EXPD has been the topic of a number of recent research reports. Credit Suisse Group raised their price target on shares of Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Thursday, November 9th. UBS raised their price target on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, Cowen restated a “market perform” rating and issued a $58.00 price target (up from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.93 on Tuesday. The firm has a market cap of $11,456.50, a PE ratio of 26.98, a P/E/G ratio of 3.36 and a beta of 0.72. Expeditors International of Washington, Inc. has a 52-week low of $51.57 and a 52-week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. Expeditors International of Washington’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. sell-side analysts expect that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.42 dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is presently 35.15%.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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