Quantitative Investment Management LLC Reduces Stake in Expeditors International of Washington (EXPD)

Quantitative Investment Management LLC lowered its stake in Expeditors International of Washington (NASDAQ:EXPD) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,600 shares of the transportation company’s stock after selling 11,000 shares during the quarter. Quantitative Investment Management LLC’s holdings in Expeditors International of Washington were worth $8,383,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXPD. BTIM Corp. raised its holdings in Expeditors International of Washington by 0.5% in the 4th quarter. BTIM Corp. now owns 141,526 shares of the transportation company’s stock valued at $9,156,000 after buying an additional 762 shares during the last quarter. JLB & Associates Inc. raised its holdings in Expeditors International of Washington by 2.1% in the 4th quarter. JLB & Associates Inc. now owns 42,572 shares of the transportation company’s stock valued at $2,753,000 after buying an additional 861 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Expeditors International of Washington by 6.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,933 shares of the transportation company’s stock valued at $898,000 after buying an additional 900 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Expeditors International of Washington by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 59,029 shares of the transportation company’s stock valued at $3,533,000 after buying an additional 904 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in Expeditors International of Washington by 7.6% in the 3rd quarter. Norinchukin Bank The now owns 13,452 shares of the transportation company’s stock valued at $805,000 after buying an additional 949 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently issued reports on the stock. Cowen reiterated a “market perform” rating and issued a $65.00 price objective (up previously from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $65.00 price objective (down previously from $67.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. UBS Group set a $60.00 price objective on shares of Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $55.00 price objective (up previously from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $63.11.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at $64.74 on Friday. The firm has a market cap of $11,429.33, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.81 and a beta of 0.62. Expeditors International of Washington has a 52-week low of $51.96 and a 52-week high of $67.63.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. equities research analysts anticipate that Expeditors International of Washington will post 2.88 earnings per share for the current year.

In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 2,073 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $66.54, for a total transaction of $137,937.42. Following the completion of the sale, the insider now owns 10,126 shares of the company’s stock, valued at approximately $673,784.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.78% of the company’s stock.

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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.

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

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