LS Investment Advisors LLC Has $1.72 Million Position in Expeditors International of Washington, Inc. (EXPD)

LS Investment Advisors LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,418 shares of the transportation company’s stock after buying an additional 2,391 shares during the period. LS Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $1,718,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake 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 during the last quarter. Mosaic Family Wealth LLC boosted its stake 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 during the last quarter. Van ECK Associates Corp boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Finally, Pacer Advisors Inc. boosted its stake 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 during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington, Inc. (EXPD) traded down 0.55% during trading on Friday, hitting $54.44. The stock had a trading volume of 1,596,297 shares. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $59.90. The stock has a 50 day moving average of $57.54 and a 200 day moving average of $55.72. The company has a market cap of $9.84 billion, a PE ratio of 23.57 and a beta of 0.65.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post $2.33 EPS for the current fiscal year.

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Several research firms have weighed in on EXPD. Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price target (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday. BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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.

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

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