Strs Ohio Sells 4,306 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Strs Ohio decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,687 shares of the transportation company’s stock after selling 4,306 shares during the period. Strs Ohio’s holdings in Expeditors International of Washington were worth $1,563,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. raised its stake in shares of Expeditors International of Washington by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,274 shares of the transportation company’s stock worth $8,772,000 after buying an additional 4,552 shares during the period. Northwest Investment Counselors LLC raised its stake in shares of Expeditors International of Washington by 1.4% in the first quarter. Northwest Investment Counselors LLC now owns 10,596 shares of the transportation company’s stock worth $599,000 after buying an additional 148 shares during the period. Prudential Financial Inc. raised its stake in shares of Expeditors International of Washington by 18.7% in the first quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock worth $17,669,000 after buying an additional 49,240 shares during the period. Forsta AP Fonden raised its stake in shares of Expeditors International of Washington by 20.3% in the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after buying an additional 31,100 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $1,937,000. Institutional investors and hedge funds own 94.09% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 54.44 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $59.90. The stock has a market capitalization of $9.84 billion, a P/E ratio of 23.57 and a beta of 0.65. The firm’s 50-day moving average is $57.54 and its 200-day moving average is $55.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post $2.33 EPS for the current fiscal year.

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A number of analysts have commented on EXPD shares. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Cowen and Company restated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $55.80.

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.

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

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