Twin Capital Management Inc. Reduces Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Twin Capital Management Inc. decreased its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 55.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,090 shares of the transportation company’s stock after selling 92,230 shares during the period. Twin Capital Management Inc.’s holdings in Expeditors International of Washington were worth $5,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Expeditors International of Washington by 1.2% during the first quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock valued at $1,124,681,000 after buying an additional 169,828 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Expeditors International of Washington by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after buying an additional 113,850 shares during the last quarter. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 2.1% during the first quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock valued at $172,107,000 after buying an additional 45,673 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Expeditors International of Washington by 19.3% during the first quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock valued at $91,976,000 after buying an additional 196,219 shares during the last quarter. Finally, HL Financial Services LLC raised its position in shares of Expeditors International of Washington by 2.5% during the first quarter. HL Financial Services LLC now owns 1,176,102 shares of the transportation company’s stock valued at $89,266,000 after buying an additional 28,544 shares during the last quarter. Institutional investors own 91.78% of the company’s stock.

EXPD traded down $0.07 during trading hours on Thursday, hitting $70.13. The company’s stock had a trading volume of 41,724 shares, compared to its average volume of 1,023,768. The firm has a 50-day moving average of $74.21. Expeditors International of Washington has a 12 month low of $62.90 and a 12 month high of $80.69. The firm has a market cap of $12.14 billion, a PE ratio of 20.18 and a beta of 0.90. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.15.



Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. Expeditors International of Washington’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. As a group, equities analysts predict that Expeditors International of Washington will post 3.52 earnings per share for the current year.

EXPD has been the topic of several recent analyst reports. Loop Capital started coverage on shares of Expeditors International of Washington in a research report on Thursday, May 30th. They set a “hold” rating and a $78.00 price objective on the stock. ValuEngine cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 price target on the stock in a research report on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, Cowen restated a “hold” rating and issued a $79.00 price target on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.00.

Expeditors International of Washington Company 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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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