AIMZ Investment Advisors LLC Has $2.77 Million Position in Expeditors International of Washington, Inc. (EXPD)

AIMZ Investment Advisors LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,990 shares of the transportation company’s stock after selling 842 shares during the quarter. Expeditors International of Washington makes up approximately 2.3% of AIMZ Investment Advisors LLC’s holdings, making the stock its 13th biggest holding. AIMZ Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $2,767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mosaic Family Wealth LLC boosted its position in Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after acquiring an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after acquiring an additional 471 shares during the last quarter. Van ECK Associates Corp boosted its position in Expeditors International of Washington by 7.0% during the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after acquiring an additional 193 shares during the last quarter. Pacer Advisors Inc. boosted its position in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after acquiring an additional 101 shares during the last quarter. Finally, Barings LLC acquired a new stake in Expeditors International of Washington during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (EXPD) traded up 0.42% during mid-day trading on Wednesday, reaching $60.21. 215,859 shares of the company were exchanged. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $60.50. The company’s 50 day moving average price is $57.67 and its 200 day moving average price is $56.35. The firm has a market capitalization of $10.88 billion, a PE ratio of 32.20 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Equities analysts anticipate that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

EXPD has been the topic of a number of analyst reports. Cowen and Company restated a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Barclays PLC raised their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. One 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.

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Expeditors International of Washington 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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