Royce & Associates LP cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 710,100 shares of the transportation company’s stock after selling 12,600 shares during the period. Royce & Associates LP owned approximately 0.39% of Expeditors International of Washington worth $40,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. TrimTabs Asset Management LLC increased its position in 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 increased its position in 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 increased its position in 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 increased its position in 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. increased its position in 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. 93.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 55.05 on Friday. The firm has a 50 day moving average price of $57.24 and a 200-day moving average price of $55.89. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $59.90. The firm has a market capitalization of $9.95 billion, a P/E ratio of 23.83 and a beta of 0.65.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.63 EPS. Expeditors International of Washington’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

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Several research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Cowen and Company reissued a “market perform” rating and issued a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised 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 given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price 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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