TD Asset Management Inc. increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,620 shares of the transportation company’s stock after buying an additional 58,329 shares during the period. TD Asset Management Inc. owned 0.25% of Expeditors International of Washington worth $25,790,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TrimTabs Asset Management LLC raised its stake in shares of Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock valued at $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock valued at $138,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares in the last quarter. Creative Planning raised its stake in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock valued at $168,000 after buying an additional 393 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Expeditors International of Washington, Inc. (EXPD) opened at 54.44 on Friday. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 23.57 and a beta of 0.65. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $59.90. The firm has a 50-day moving average of $57.54 and a 200-day moving average of $55.72.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company 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 firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. On average, analysts expect that Expeditors International of Washington, Inc. will post $2.33 earnings per share for the current year.

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Several equities research analysts recently commented on the stock. 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 research note on Friday. Cowen and Company reiterated a “market perform” rating and set a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $55.80.

About Expeditors International of Washington

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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