Schwartz Investment Counsel Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 23.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,000 shares of the transportation company’s stock after selling 40,000 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.07% of Expeditors International of Washington worth $7,782,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EXPD. Janus Henderson Group PLC lifted its holdings in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after acquiring an additional 4,767,490 shares during the period. APG Asset Management N.V. lifted its holdings in Expeditors International of Washington by 115.2% in the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after acquiring an additional 766,900 shares during the period. Vanguard Group Inc. lifted its holdings in Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares during the period. Nationwide Fund Advisors lifted its holdings in Expeditors International of Washington by 934.7% in the second quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock valued at $29,396,000 after acquiring an additional 470,162 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Expeditors International of Washington by 101.9% in the second quarter. Principal Financial Group Inc. now owns 571,390 shares of the transportation company’s stock valued at $32,273,000 after acquiring an additional 288,320 shares during the period. 93.87% of the stock is owned by institutional investors.

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Shares of Expeditors International of Washington, Inc. (EXPD) traded down 0.10% on Tuesday, hitting $58.51. The stock had a trading volume of 236,922 shares. The firm has a market cap of $10.57 billion, a P/E ratio of 25.33 and a beta of 0.67. The company’s 50-day moving average price is $58.88 and its 200 day moving average price is $56.66. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $60.81.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Barclays PLC raised their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Cowen and Company reissued 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 report on Thursday, August 10th. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One 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 stock presently has a consensus rating of “Hold” and an average price target of $57.00.

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

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