Expeditors International of Washington, Inc. (EXPD) Shares Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,058 shares of the transportation company’s stock after buying an additional 16 shares during the period. Gateway Investment Advisers LLC’s holdings in Expeditors International of Washington were worth $625,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EXPD. 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 valued at $8,772,000 after buying an additional 4,552 shares during the last quarter. Northwest Investment Counselors LLC raised its position in 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 in the last quarter. Prudential Financial Inc. raised its position in 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 in the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in Expeditors International of Washington during the first quarter worth about $1,937,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Expeditors International of Washington by 3.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 544,049 shares of the transportation company’s stock worth $30,733,000 after buying an additional 20,558 shares in the last quarter. 93.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington, Inc. (EXPD) traded up 0.09% during midday trading on Friday, hitting $54.87. 1,006,746 shares of the stock were exchanged. The firm has a 50 day moving average of $57.47 and a 200-day moving average of $55.80. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 23.75 and a beta of 0.65. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ 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 business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that Expeditors International of Washington, Inc. will post $2.32 EPS for the current year.

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A number of equities analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen and Company reissued a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock has an average 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.

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

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