Aperio Group LLC Raises Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Aperio Group LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,914 shares of the transportation company’s stock after buying an additional 4,238 shares during the period. Aperio Group LLC owned approximately 0.11% of Expeditors International of Washington worth $11,574,000 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 increased its position 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 worth $117,000 after buying an additional 976 shares during the period. Mosaic Family Wealth LLC increased its position 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 worth $138,000 after buying an additional 49 shares during the period. Van ECK Associates Corp increased its position 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 worth $167,000 after buying an additional 193 shares during the period. Creative Planning increased its position 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 worth $168,000 after buying an additional 393 shares during the period. Finally, Pacer Advisors Inc. increased its position 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 worth $196,000 after buying an additional 101 shares during the period. 93.52% of the stock is owned by institutional investors.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.09% during mid-day trading on Friday, hitting $54.87. The stock had a trading volume of 1,006,746 shares. The company’s 50 day moving average is $57.50 and its 200-day moving average is $55.79. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $59.90. The stock has a market capitalization of $9.92 billion, a P/E ratio of 23.75 and a beta of 0.65.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

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EXPD has been the subject of several recent analyst reports. Cowen and Company reissued a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Finally, BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average 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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