State of Tennessee Treasury Department boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,277 shares of the transportation company’s stock after purchasing an additional 93 shares during the period. State of Tennessee Treasury Department’s holdings in Expeditors International of Washington were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in 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 worth $1,083,031,000 after purchasing an additional 450,763 shares during the last quarter. BlackRock Inc. lifted its stake in 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 worth $818,780,000 after purchasing an additional 13,787,678 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Expeditors International of Washington by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 13,961,384 shares of the transportation company’s stock worth $788,679,000 after purchasing an additional 47,501 shares during the last quarter. State Street Corp lifted its stake in Expeditors International of Washington by 0.6% in the first quarter. State Street Corp now owns 10,805,641 shares of the transportation company’s stock worth $610,406,000 after purchasing an additional 69,252 shares during the last quarter. Finally, FMR LLC lifted its stake in 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 worth $268,582,000 after purchasing an additional 1,429,041 shares during the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

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Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 56.90 on Friday. The company has a market cap of $10.28 billion, a P/E ratio of 24.63 and a beta of 0.66. The stock’s 50 day moving average is $56.55 and its 200 day moving average is $56.01. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-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 for the quarter, hitting the Zacks’ consensus estimate of $0.60. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

Several analysts have issued reports on EXPD shares. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note 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. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.

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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