Farmers & Merchants Investments Inc. Cuts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Farmers & Merchants Investments Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,944 shares of the transportation company’s stock after selling 4,581 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Expeditors International of Washington were worth $3,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Mosaic Family Wealth LLC increased 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 worth $138,000 after buying an additional 49 shares in the last quarter. Benedict Financial Advisors Inc. increased its stake in Expeditors International of Washington by 0.4% in the first quarter. Benedict Financial Advisors Inc. now owns 20,549 shares of the transportation company’s stock worth $1,161,000 after buying an additional 79 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Expeditors International of Washington by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after buying an additional 100 shares in the last quarter. Pacer Advisors Inc. increased 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 worth $196,000 after buying an additional 101 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in Expeditors International of Washington by 0.6% in the first quarter. Advantus Capital Management Inc now owns 17,885 shares of the transportation company’s stock worth $1,010,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.09% on Friday, hitting $54.87. The stock had a trading volume of 1,006,746 shares. The stock has a market cap of $9.92 billion, a P/E ratio of 23.75 and a beta of 0.65. The company’s 50-day moving average is $57.47 and its 200-day moving average is $55.80. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current fiscal year.

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A number of research firms have commented on EXPD. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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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