Bank of Montreal Can Increases Position in Expeditors International of Washington, Inc. (EXPD)

Bank of Montreal Can boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,446 shares of the transportation company’s stock after buying an additional 10,152 shares during the period. Bank of Montreal Can owned 0.05% of Expeditors International of Washington worth $5,561,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXPD. CWM LLC increased its stake in shares of Expeditors International of Washington by 15.0% in the first quarter. CWM LLC now owns 510,826 shares of the transportation company’s stock worth $28,857,000 after buying an additional 66,650 shares during the last quarter. Marathon Asset Management LLP boosted its position in shares of Expeditors International of Washington by 2.2% in the first quarter. Marathon Asset Management LLP now owns 420,961 shares of the transportation company’s stock worth $23,780,000 after buying an additional 9,070 shares during the period. National Pension Service boosted its position in shares of Expeditors International of Washington by 1.4% in the first quarter. National Pension Service now owns 182,008 shares of the transportation company’s stock worth $10,305,000 after buying an additional 2,483 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Expeditors International of Washington by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 58,894 shares of the transportation company’s stock worth $3,326,000 after buying an additional 700 shares during the period. Finally, Sheets Smith Wealth Management boosted its position in shares of Expeditors International of Washington by 39.0% in the first quarter. Sheets Smith Wealth Management now owns 39,200 shares of the transportation company’s stock worth $2,214,000 after buying an additional 11,000 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) traded up 0.09% during trading on Friday, hitting $54.87. 1,006,746 shares of the company’s stock were exchanged. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $59.90. The stock’s 50 day moving average is $57.47 and its 200 day moving average is $55.80. The firm has a market capitalization of $9.92 billion, a PE ratio of 23.75 and a beta of 0.65.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

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EXPD has been the subject of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $55.80.

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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