Clifford Swan Investment Counsel LLC Cuts Position in Expeditors International of Washington, Inc. $EXPD

Clifford Swan Investment Counsel LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 74,841 shares of the transportation company’s stock after selling 4,111 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $12,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC increased its position in shares of Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. lifted its position in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC lifted its position in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in Expeditors International of Washington by 5.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock worth $279,000 after buying an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. boosted its stake in Expeditors International of Washington by 0.9% in the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock worth $1,656,000 after buying an additional 98 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America lifted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research note on Wednesday, August 5th. Barclays increased their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $189.74 on Tuesday. Expeditors International of Washington, Inc. has a 52-week low of $112.94 and a 52-week high of $192.28. The company’s 50 day moving average price is $176.30 and its 200-day moving average price is $159.83. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.