United Asset Strategies Inc. Sells 453 Shares of Expeditors International of Washington (NASDAQ:EXPD)

United Asset Strategies Inc. trimmed its position in Expeditors International of Washington (NASDAQ:EXPD) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 41,318 shares of the transportation company’s stock after selling 453 shares during the period. United Asset Strategies Inc.’s holdings in Expeditors International of Washington were worth $3,134,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Confluence Investment Management LLC grew its position in Expeditors International of Washington by 4.2% in the 1st quarter. Confluence Investment Management LLC now owns 251,592 shares of the transportation company’s stock worth $19,096,000 after purchasing an additional 10,096 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Expeditors International of Washington by 16.6% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 68,916 shares of the transportation company’s stock valued at $5,231,000 after acquiring an additional 9,829 shares during the period. Federated Investors Inc. PA grew its position in shares of Expeditors International of Washington by 1,532.6% during the 1st quarter. Federated Investors Inc. PA now owns 71,393 shares of the transportation company’s stock valued at $5,418,000 after acquiring an additional 67,020 shares during the period. Greenleaf Trust bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at approximately $231,000. Finally, BTIM Corp. grew its position in shares of Expeditors International of Washington by 59.9% during the 1st quarter. BTIM Corp. now owns 255,827 shares of the transportation company’s stock valued at $19,417,000 after acquiring an additional 95,834 shares during the period. 91.78% of the stock is owned by institutional investors and hedge funds.

EXPD has been the subject of a number of research reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 target price for the company in a research report on Friday. Cowen reissued a “hold” rating and set a $79.00 target price on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They set a “sell” rating and a $70.00 target price for the company. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research report on Friday, May 17th. Finally, Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Shares of EXPD stock traded up $0.50 during trading on Tuesday, reaching $71.59. 1,567,552 shares of the company’s stock traded hands, compared to its average volume of 1,024,140. The company has a market capitalization of $12.43 billion, a P/E ratio of 20.57 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a 50-day moving average price of $74.36. Expeditors International of Washington has a 1 year low of $62.90 and a 1 year high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.08. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations 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 revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Equities research analysts forecast that Expeditors International of Washington will post 3.51 EPS for the current year.

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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