Expeditors International of Washington (EXPD) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,289 shares of the transportation company’s stock after selling 84,269 shares during the quarter. First Trust Advisors LP’s holdings in Expeditors International of Washington were worth $36,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $113,000. Meeder Asset Management Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $116,000. Fort L.P. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $118,000. Parallel Advisors LLC lifted its holdings in Expeditors International of Washington by 70.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 966 shares during the last quarter. Finally, MainStreet Investment Advisors LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $198,000. 93.97% of the stock is owned by institutional investors.

EXPD stock opened at $67.18 on Thursday. Expeditors International of Washington has a one year low of $56.44 and a one year high of $78.16. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.68 and a beta of 0.66.



Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities research analysts predict that Expeditors International of Washington will post 3.14 EPS for the current fiscal year.

A number of analysts have commented on EXPD shares. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Deutsche Bank started coverage on shares of Expeditors International of Washington in a research note on Tuesday, September 4th. They set a “hold” rating and a $71.00 price objective for the company. Stifel Nicolaus set a $73.00 price objective on shares of Expeditors International of Washington and gave the company a “hold” rating in a research note on Wednesday, August 8th. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Credit Suisse Group reduced their price objective on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $67.50.

About Expeditors International of Washington

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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