Expeditors International of Washington (EXPD) Position Reduced by OLD Mutual Customised Solutions Proprietary Ltd.

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OLD Mutual Customised Solutions Proprietary Ltd. cut its stake in Expeditors International of Washington (NASDAQ:EXPD) by 9.6% in the second quarter, HoldingsChannel reports. The firm owned 8,465 shares of the transportation company’s stock after selling 900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Expeditors International of Washington were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EXPD. Meeder Asset Management Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $116,000. Fort L.P. acquired a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $118,000. Parallel Advisors LLC boosted its stake in Expeditors International of Washington by 70.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after purchasing an additional 966 shares in the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $205,000. Finally, TLP Group LLC boosted its stake in Expeditors International of Washington by 1,334.1% in the 1st quarter. TLP Group LLC now owns 3,284 shares of the transportation company’s stock worth $208,000 after purchasing an additional 3,055 shares in the last quarter. Institutional investors own 92.79% of the company’s stock.

Shares of NASDAQ EXPD opened at $75.39 on Friday. Expeditors International of Washington has a 12 month low of $56.44 and a 12 month high of $78.16. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. equities research analysts predict that Expeditors International of Washington will post 3.15 earnings per share for the current year.

EXPD has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Robert W. Baird lifted their target price on shares of Expeditors International of Washington from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, June 4th. Deutsche Bank initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, September 4th. They issued a “hold” rating and a $71.00 target price for the company. Finally, Cowen reiterated a “market perform” rating and issued a $73.00 target price (up from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $67.40.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

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

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