Wealth Enhancement Advisory Services LLC Takes Position in Expeditors International of Washington (NASDAQ:EXPD)

Wealth Enhancement Advisory Services LLC purchased a new stake in Expeditors International of Washington (NASDAQ:EXPD) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 25,384 shares of the transportation company’s stock, valued at approximately $1,934,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AJO LP bought a new stake in Expeditors International of Washington in the 1st quarter valued at about $27,841,000. BTIM Corp. raised its position in shares of Expeditors International of Washington by 123.1% during the 2nd quarter. BTIM Corp. now owns 570,862 shares of the transportation company’s stock worth $43,306,000 after buying an additional 315,035 shares in the last quarter. Ronna Sue Cohen raised its position in shares of Expeditors International of Washington by 7,813.3% during the 1st quarter. Ronna Sue Cohen now owns 296,827 shares of the transportation company’s stock worth $297,000 after buying an additional 293,076 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Expeditors International of Washington by 19.3% during the 1st quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock worth $91,976,000 after buying an additional 196,219 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Expeditors International of Washington by 21.2% during the 1st quarter. Nordea Investment Management AB now owns 987,674 shares of the transportation company’s stock worth $74,965,000 after buying an additional 172,862 shares in the last quarter. 91.78% of the stock is owned by institutional investors and hedge funds.

EXPD has been the topic of a number of recent analyst reports. Cowen restated a “hold” rating and set a $79.00 price target on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. ValuEngine downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Loop Capital initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, May 30th. They set a “hold” rating and a $78.00 price target on the stock. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 price target on the stock in a research report on Friday, August 9th. Finally, BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $73.00.

Shares of EXPD traded down $0.16 during mid-day trading on Thursday, hitting $70.04. The company’s stock had a trading volume of 80,072 shares, compared to its average volume of 1,023,768. The company has a 50-day moving average of $74.21. The company has a market cap of $12.14 billion, a PE ratio of 20.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Equities research analysts forecast that Expeditors International of Washington will post 3.52 EPS for the current fiscal year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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