State of Wisconsin Investment Board increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 211.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,148 shares of the transportation company’s stock after buying an additional 132,420 shares during the period. State of Wisconsin Investment Board owned 0.11% of Expeditors International of Washington worth $11,022,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. TrimTabs Asset Management LLC increased its position in shares of Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares in the last quarter. 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 in the last quarter. Van ECK Associates Corp increased its position in shares of Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Creative Planning increased its position in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares in the last quarter. 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 in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (EXPD) opened at 55.03 on Thursday. The firm has a market capitalization of $9.95 billion, a PE ratio of 23.82 and a beta of 0.65. The company has a 50-day moving average of $57.33 and a 200-day moving average of $55.89. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Expeditors International of Washington has an average rating of “Hold” and an average target price of $55.80.

Expeditors International of Washington Company Profile

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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