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Victory Capital Management Inc. Has $8.50 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Defense World · Jan 29, 2023 06:31

Victory Capital Management Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,228 shares of the transportation company's stock after selling 19,072 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Expeditors International of Washington worth $8,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Expeditors International of Washington by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company's stock valued at $2,338,000 after purchasing an additional 1,404 shares during the period. Sei Investments Co. raised its holdings in shares of Expeditors International of Washington by 6.7% during the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company's stock valued at $13,801,000 after purchasing an additional 8,438 shares during the period. National Pension Service raised its holdings in shares of Expeditors International of Washington by 4.9% during the first quarter. National Pension Service now owns 288,713 shares of the transportation company's stock valued at $29,784,000 after purchasing an additional 13,608 shares during the period. Vanguard Group Inc. raised its holdings in shares of Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company's stock valued at $2,029,739,000 after purchasing an additional 190,319 shares during the period. Finally, Zions Bancorporation N.A. raised its holdings in shares of Expeditors International of Washington by 234.3% during the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company's stock valued at $59,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 93.26% of the company's stock.

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Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the business's stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the transaction, the vice president now owns 1,770 shares in the company, valued at $188,664.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 986 shares of the business's stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the transaction, the vice president now owns 1,770 shares in the company, valued at $188,664.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eugene K. Alger sold 11,500 shares of the business's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $113.43, for a total transaction of $1,304,445.00. Following the transaction, the insider now owns 17,879 shares in the company, valued at approximately $2,028,014.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,692 shares of company stock worth $3,237,336. 0.55% of the stock is currently owned by company insiders.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $107.72 on Friday. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $116.97. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 11.32 and a beta of 0.98. The firm has a fifty day moving average price of $109.19 and a two-hundred day moving average price of $102.77.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its earnings results on Tuesday, November 8th. The transportation company reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.62. The company had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.21 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. Equities research analysts expect that Expeditors International of Washington, Inc. will post 8.69 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $0.67 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, November 30th. Expeditors International of Washington's payout ratio is 14.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EXPD shares. StockNews.com assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Wells Fargo & Company downgraded shares of Expeditors International of Washington from an "equal weight" rating to an "underweight" rating and set a $95.00 target price for the company. in a research report on Tuesday, November 22nd. BNP Paribas assumed coverage on shares of Expeditors International of Washington in a research report on Thursday, December 1st. They set a "neutral" rating and a $107.00 target price for the company. Barclays decreased their target price on shares of Expeditors International of Washington from $95.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, October 13th. Finally, Morgan Stanley decreased their target price on shares of Expeditors International of Washington from $94.00 to $86.00 and set an "underweight" rating for the company in a research report on Monday, October 3rd. Four investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $99.89.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.