Wendell David Associates Inc. continued to hold its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, Holdings Channel reports. The fund owned 23,950 shares of the transportation company’s stock at the end of the second quarter. Wendell David Associates Inc.’s holdings in Expeditors International of Washington were worth $1,353,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock worth $818,780,000 after buying an additional 13,787,678 shares during the period. FMR LLC increased its stake in Expeditors International of Washington by 43.0% in the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock worth $268,582,000 after buying an additional 1,429,041 shares during the period. BLS Capital Fondsmaeglerselskab A S bought a new stake in Expeditors International of Washington during the fourth quarter worth approximately $32,449,000. Janus Capital Management LLC increased its stake in Expeditors International of Washington by 16.5% in the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock worth $231,463,000 after buying an additional 579,228 shares during the period. Finally, Vanguard Group Inc. increased its stake in Expeditors International of Washington by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,172,075 shares of the transportation company’s stock worth $1,083,031,000 after buying an additional 450,763 shares during the period. 94.09% of the stock is owned by hedge funds and other institutional investors.
Expeditors International of Washington, Inc. (EXPD) traded up 2.3178% during mid-day trading on Tuesday, hitting $58.9146. 1,369,608 shares of the company were exchanged. The company has a 50 day moving average of $54.53 and a 200 day moving average of $54.85. The stock has a market cap of $10.61 billion, a P/E ratio of 25.1772 and a beta of 0.64. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $59.08.
Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.05. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post $2.36 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Vertical Research restated a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.83.
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.
Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD).
Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
