3,702 Shares in Expeditors International of Washington (EXPD) Purchased by LMR Partners LLP

LMR Partners LLP purchased a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,702 shares of the transportation company’s stock, valued at approximately $271,000.

Several other institutional investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its stake in shares of Expeditors International of Washington by 0.4% during the first quarter. Loomis Sayles & Co. L P now owns 15,626,749 shares of the transportation company’s stock worth $989,173,000 after acquiring an additional 64,424 shares during the period. Fiduciary Management Inc. WI increased its stake in shares of Expeditors International of Washington by 25.6% during the first quarter. Fiduciary Management Inc. WI now owns 7,104,963 shares of the transportation company’s stock worth $449,744,000 after acquiring an additional 1,448,170 shares during the period. Select Equity Group L.P. increased its stake in shares of Expeditors International of Washington by 41.6% during the first quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock worth $276,555,000 after acquiring an additional 1,283,685 shares during the period. Wells Fargo & Company MN increased its stake in shares of Expeditors International of Washington by 70.3% during the second quarter. Wells Fargo & Company MN now owns 2,164,146 shares of the transportation company’s stock worth $158,200,000 after acquiring an additional 893,722 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of Expeditors International of Washington by 6,335.0% during the first quarter. Summit Trail Advisors LLC now owns 1,840,990 shares of the transportation company’s stock worth $1,841,000 after acquiring an additional 1,812,381 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

A number of research analysts have recently issued reports on EXPD shares. ValuEngine upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Robert W. Baird boosted their price objective on shares of Expeditors International of Washington from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, June 4th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, April 24th. BidaskClub downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Friday, July 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $65.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.00.



In related news, insider Eugene K. Alger sold 6,956 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $71.89, for a total transaction of $500,066.84. Following the sale, the insider now owns 5,476 shares of the company’s stock, valued at $393,669.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.99% of the stock is currently owned by insiders.

EXPD stock opened at $72.00 on Wednesday. The stock has a market cap of $12.74 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.89 and a beta of 0.70. Expeditors International of Washington has a 52 week low of $54.69 and a 52 week high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. analysts forecast that Expeditors International of Washington will post 3.16 EPS for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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