Contravisory Investment Management Inc. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 196.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,656 shares of the transportation company’s stock after buying an additional 3,085 shares during the period. Contravisory Investment Management Inc.’s holdings in Expeditors International of Washington were worth $263,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of EXPD. Russell Investments Group Ltd. boosted its stake in Expeditors International of Washington by 2.7% in the second quarter. Russell Investments Group Ltd. now owns 524,529 shares of the transportation company’s stock valued at $29,623,000 after buying an additional 13,965 shares during the last quarter. Forsta AP Fonden boosted its stake in Expeditors International of Washington by 20.3% in the second quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after buying an additional 31,100 shares during the last quarter. BTIM Corp. boosted its stake in Expeditors International of Washington by 3.6% in the second quarter. BTIM Corp. now owns 139,768 shares of the transportation company’s stock valued at $7,894,000 after buying an additional 4,811 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Expeditors International of Washington by 38.3% in the second quarter. Assenagon Asset Management S.A. now owns 68,948 shares of the transportation company’s stock valued at $3,894,000 after buying an additional 19,112 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Expeditors International of Washington by 2.1% in the second quarter. Aperio Group LLC now owns 204,914 shares of the transportation company’s stock worth $11,574,000 after buying an additional 4,238 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors and hedge funds.
Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 55.72 on Thursday. The company has a 50-day moving average of $57.54 and a 200 day moving average of $55.80. The company has a market cap of $10.07 billion, a PE ratio of 24.12 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.
Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current fiscal year.
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EXPD has been the subject of a number of research reports. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Finally, Cowen and Company restated a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus 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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