Goldman Sachs Group Inc. Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Goldman Sachs Group Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 809,716 shares of the transportation company's stock after purchasing an additional 161,898 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.56% of Expeditors International of Washington worth $102,996,000 at the end of the most recent quarter.

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Several other large investors have also modified their holdings of the business. Capital Analysts LLC boosted its position in Expeditors International of Washington by 0.6% during the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company's stock worth $1,798,000 after acquiring an additional 80 shares during the last quarter. IMPACTfolio LLC boosted its position in Expeditors International of Washington by 4.4% during the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company's stock worth $248,000 after acquiring an additional 82 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in shares of Expeditors International of Washington by 3.3% in the 4th quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company's stock valued at $376,000 after purchasing an additional 95 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Expeditors International of Washington by 12.2% in the 4th quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company's stock valued at $123,000 after purchasing an additional 105 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Expeditors International of Washington by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 31,481 shares of the transportation company's stock valued at $4,004,000 after buying an additional 105 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.90 during trading on Friday, reaching $123.39. The company had a trading volume of 1,224,952 shares, compared to its average volume of 1,434,753. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 5.75 and a beta of 0.99. The firm's fifty day moving average is $118.06 and its 200-day moving average is $121.53. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

• Expeditors International NASDAQ: EXPD Double-Digit Growth Not Enough For Investors

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company's revenue for the quarter was down 14.9% compared to the same quarter last year. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.73 dividend. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, June 3rd. Expeditors International of Washington's dividend payout ratio is currently 30.93%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research reports. Wolfe Research raised shares of Expeditors International of Washington from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, May 28th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a "hold" rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, April 9th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Finally, TD Cowen lifted their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a "hold" rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $111.88.

View Our Latest Stock Report on EXPD

Insider Transactions at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company's stock, valued at $6,170,637.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Company 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.

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