Trading Report: The 250 Shares of Expeditors International of Washington Inc. (EXPD) are sold by Roberts Glore & Co. Inc. IL

The 250 Shares of Expeditors International of Washington Inc. (EXPD) are sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL cut its position in Expeditors International of Washington Inc. (NASDAQ:EXPD) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 32,937 shares of the company’s stock after selling 250 shares during the period. Expeditors International of Washington comprises about 1.2% of Roberts Glore & Co. Inc. IL’s holdings, making the stock its 24th largest position. Roberts Glore & Co. Inc. IL’s holdings in Expeditors International of Washington were worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Armstrong Henry H Associates Inc. raised its stake in shares of Expeditors International of Washington by 0.3% in the second quarter. Armstrong Henry H Associates Inc. now owns 8,525 shares of the company’s stock worth $418,000 after buying an additional 25 shares in the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Expeditors International of Washington by 0.9% in the first quarter. Ironwood Investment Counsel LLC now owns 7,815 shares of the company’s stock worth $381,000 after buying an additional 70 shares in the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of Expeditors International of Washington by 0.5% in the second quarter. Benedict Financial Advisors Inc. now owns 20,433 shares of the company’s stock worth $1,015,000 after buying an additional 107 shares in the last quarter. Creative Planning raised its stake in shares of Expeditors International of Washington by 10.2% in the second quarter. Creative Planning now owns 2,607 shares of the company’s stock worth $128,000 after buying an additional 241 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Expeditors International of Washington by 2.1% in the second quarter. DNB Asset Management AS now owns 14,697 shares of the company’s stock worth $721,000 after buying an additional 300 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Inc. (NASDAQ:EXPD) traded up 0.04% during trading on Friday, hitting $51.00. 915,617 shares of the company traded hands. Expeditors International of Washington Inc. has a 12-month low of $40.41 and a 12-month high of $52.58. The company has a market capitalization of $9.23 billion, a P/E ratio of 21.32 and a beta of 0.78. The stock has a 50 day moving average price of $51.09 and a 200 day moving average price of $49.68.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Expeditors International of Washington had a net margin of 7.25% and a return on equity of 25.10%. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $0.61 EPS. Expeditors International of Washington’s revenue was down 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington Inc. will post $2.43 earnings per share for the current year.

A number of analysts have recently commented on the stock. Stifel Nicolaus lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Wolfe Research downgraded shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG restated a “sell” rating and set a $46.00 target price on shares of Expeditors International of Washington in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.91.

In other Expeditors International of Washington news, Director Michael J. Malone sold 26,646 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $51.00, for a total transaction of $1,358,946.00. Following the transaction, the director now directly owns 108,786 shares in the company, valued at approximately $5,548,086. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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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