American Research & Management Co. held its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,200 shares of the transportation company’s stock at the end of the second quarter. American Research & Management Co.’s holdings in Expeditors International of Washington were worth $181,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in Expeditors International of Washington by 15.0% in the first quarter. CWM LLC now owns 510,826 shares of the transportation company’s stock valued at $28,857,000 after buying an additional 66,650 shares in the last quarter. Marathon Asset Management LLP raised its stake in Expeditors International of Washington by 2.2% in the first quarter. Marathon Asset Management LLP now owns 420,961 shares of the transportation company’s stock valued at $23,780,000 after buying an additional 9,070 shares in the last quarter. Bank of Montreal Can raised its stake in Expeditors International of Washington by 2.7% in the first quarter. Bank of Montreal Can now owns 88,294 shares of the transportation company’s stock valued at $4,987,000 after buying an additional 2,328 shares in the last quarter. National Pension Service raised its stake in Expeditors International of Washington by 1.4% in the first quarter. National Pension Service now owns 182,008 shares of the transportation company’s stock valued at $10,305,000 after buying an additional 2,483 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Expeditors International of Washington by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 58,894 shares of the transportation company’s stock valued at $3,326,000 after buying an additional 700 shares in the last quarter. 94.09% of the stock is owned by institutional investors and hedge funds.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) traded down 0.55% during mid-day trading on Friday, hitting $54.44. The company had a trading volume of 1,596,297 shares. The firm’s 50-day moving average price is $57.54 and its 200 day moving average price is $55.72. The company has a market capitalization of $9.84 billion, a P/E ratio of 23.57 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 earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post $2.33 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on EXPD. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.

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

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