US Bancorp DE Reduces Stake in Expeditors International of Washington, Inc. (EXPD)

US Bancorp DE lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 235,881 shares of the transportation company’s stock after selling 621 shares during the period. US Bancorp DE owned approximately 0.13% of Expeditors International of Washington worth $13,321,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. TrimTabs Asset Management LLC boosted 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 worth $117,000 after buying an additional 976 shares during the last quarter. Mosaic Family Wealth LLC boosted 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 worth $138,000 after buying an additional 49 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $167,000 after buying an additional 193 shares during the last quarter. Creative Planning boosted 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 worth $168,000 after buying an additional 393 shares during the last quarter. Finally, Pacer Advisors Inc. boosted 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 worth $196,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 94.09% of the company’s stock.

Expeditors International of Washington, Inc. (EXPD) traded down 0.07% during mid-day trading on Friday, reaching $59.01. The company had a trading volume of 1,401,447 shares. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 25.22 and a beta of 0.64. The company’s 50 day moving average is $56.27 and its 200 day moving average is $55.18. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $59.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a return on equity of 23.01% and a net margin of 6.87%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that Expeditors International of Washington, Inc. will post $2.36 earnings per share for the current year.

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A number of brokerages have recently weighed in on EXPD. Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub upgraded 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 research report on Tuesday, July 11th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Vertical Research restated a “hold” rating and issued a $63.00 target price on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.83.

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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