Rothschild Asset Management Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,034 shares of the transportation company’s stock after buying an additional 1,365 shares during the period. Rothschild Asset Management Inc.’s holdings in Expeditors International of Washington were worth $680,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EXPD. Candriam Luxembourg S.C.A. increased its position in Expeditors International of Washington by 16.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,372 shares of the transportation company’s stock valued at $2,055,000 after buying an additional 5,258 shares during the period. Stewart & Patten Co. LLC acquired a new position in Expeditors International of Washington during the first quarter valued at approximately $282,000. Perkins Capital Management Inc. increased its position in Expeditors International of Washington by 5.5% in the first quarter. Perkins Capital Management Inc. now owns 15,300 shares of the transportation company’s stock valued at $864,000 after buying an additional 800 shares during the period. Armstrong Henry H Associates Inc. increased its position in Expeditors International of Washington by 2.4% in the first quarter. Armstrong Henry H Associates Inc. now owns 8,675 shares of the transportation company’s stock valued at $490,000 after buying an additional 200 shares during the period. Finally, DnB Asset Management AS increased its position in Expeditors International of Washington by 7.5% in the first quarter. DnB Asset Management AS now owns 24,397 shares of the transportation company’s stock valued at $1,378,000 after buying an additional 1,700 shares during the period. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 54.74 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $59.90. The company’s 50-day moving average is $57.55 and its 200 day moving average is $55.70. The company has a market cap of $9.83 billion, a PE ratio of 23.70 and a beta of 0.65.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, analysts anticipate that Expeditors International of Washington, Inc. will post $2.34 EPS for the current year.

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EXPD has been the topic of several research reports. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Vertical Research restated a “hold” rating and issued a $63.00 price target on shares of Expeditors International of Washington in a research note on Thursday, April 13th. BidaskClub downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Cowen and Company restated a “market perform” rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.60.

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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