St. James Investment Company LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 804,582 shares of the transportation company’s stock after selling 21,115 shares during the period. Expeditors International of Washington makes up about 5.6% of St. James Investment Company LLC’s portfolio, making the stock its 9th largest position. St. James Investment Company LLC’s holdings in Expeditors International of Washington were worth $45,443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock valued at $818,780,000 after buying an additional 13,787,678 shares during the period. FMR LLC boosted its stake in shares of Expeditors International of Washington by 43.0% in the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock valued at $268,582,000 after buying an additional 1,429,041 shares in the last quarter. BLS Capital Fondsmaeglerselskab A S bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $32,449,000. Janus Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 16.5% in the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock valued at $231,463,000 after buying an additional 579,228 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Expeditors International of Washington by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,172,075 shares of the transportation company’s stock valued at $1,083,031,000 after buying an additional 450,763 shares in the last quarter. 94.09% of the stock is owned by institutional investors.

Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 55.92 on Wednesday. The firm has a 50-day moving average of $57.27 and a 200-day moving average of $55.53. The company has a market capitalization of $10.07 billion, a P/E ratio of 23.90 and a beta of 0.65. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post $2.34 earnings per share for the current year.

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Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, Vertical Research restated a “hold” rating and issued a $63.00 target price on shares of Expeditors International of Washington in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Expeditors International of Washington 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.

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

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