Baxter Bros Inc. maintained its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the transportation company’s stock at the end of the second quarter. Baxter Bros Inc.’s holdings in Expeditors International of Washington were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Janney Capital Management LLC increased its position in shares of Expeditors International of Washington by 0.4% in the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock worth $264,000 after buying an additional 18 shares during the period. Mosaic Family Wealth LLC increased its position in shares of Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares during the period. Benedict Financial Advisors Inc. increased its position in shares of Expeditors International of Washington by 0.4% in the first quarter. Benedict Financial Advisors Inc. now owns 20,549 shares of the transportation company’s stock worth $1,161,000 after buying an additional 79 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Expeditors International of Washington by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after buying an additional 100 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares during the period. 94.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 59.06 on Tuesday. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90. The firm’s 50-day moving average price is $57.27 and its 200-day moving average price is $55.53. The firm has a market cap of $10.64 billion, a PE ratio of 25.24 and a beta of 0.65.

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Several equities analysts recently weighed in on EXPD shares. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Vertical Research reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $57.20.

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.

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

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