Shell Asset Management Co. Raises Stake in Expeditors International of Washington, Inc. (EXPD)

Shell Asset Management Co. increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 51,327 shares of the transportation company’s stock after buying an additional 946 shares during the period. Shell Asset Management Co.’s holdings in Expeditors International of Washington were worth $2,899,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EXPD. TrimTabs Asset Management LLC boosted its stake in shares of 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 in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of 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. Van ECK Associates Corp boosted its stake in shares of 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 in the last quarter. Creative Planning boosted its stake in shares of 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 in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of 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. Institutional investors and hedge funds own 93.52% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 54.87 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $59.90. The company has a 50-day moving average price of $57.47 and a 200-day moving average price of $55.80. The stock has a market cap 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 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. Expeditors International of Washington’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

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Several equities research analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target 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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