Expeditors International of Washington, Inc. (EXPD) Position Cut by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,416 shares of the transportation company’s stock after selling 975 shares during the period. Arcadia Investment Management Corp MI’s holdings in Expeditors International of Washington were worth $701,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPD. BLS Capital Fondsmaeglerselskab A S bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $32,449,000. Teachers Advisors LLC raised its position in shares of Expeditors International of Washington by 27.0% in the fourth quarter. Teachers Advisors LLC now owns 246,866 shares of the transportation company’s stock worth $13,074,000 after buying an additional 52,521 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position 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 last quarter. Creative Planning raised its position in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Expeditors International of Washington by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 58,894 shares of the transportation company’s stock worth $3,326,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 55.63 on Tuesday. The stock has a market capitalization of $10.05 billion, a P/E ratio of 24.08 and a beta of 0.65. 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 50 day moving average of $57.55 and a 200 day moving average of $55.78.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

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EXPD has been the topic of a number of recent analyst reports. 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. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, 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, August 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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