Keybank National Association OH Sells 274 Shares of Expeditors International of Washington (NASDAQ:EXPD)

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Keybank National Association OH lowered its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,767 shares of the transportation company’s stock after selling 274 shares during the period. Keybank National Association OH’s holdings in Expeditors International of Washington were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPD. BlackRock Inc. grew its position in Expeditors International of Washington by 1.2% in the 1st quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock worth $1,124,681,000 after purchasing an additional 169,828 shares during the period. Geode Capital Management LLC grew its position in Expeditors International of Washington by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock worth $178,482,000 after purchasing an additional 113,850 shares during the period. Northern Trust Corp grew its position in Expeditors International of Washington by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock worth $172,107,000 after purchasing an additional 45,673 shares during the period. California Public Employees Retirement System grew its position in Expeditors International of Washington by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock worth $91,976,000 after purchasing an additional 196,219 shares during the period. Finally, HL Financial Services LLC grew its position in Expeditors International of Washington by 2.5% in the 1st quarter. HL Financial Services LLC now owns 1,176,102 shares of the transportation company’s stock worth $89,266,000 after purchasing an additional 28,544 shares during the period. 92.98% of the stock is owned by institutional investors.

EXPD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 target price for the company in a research report on Friday, August 9th. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They issued a “sell” rating and a $70.00 target price for the company. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Shares of Expeditors International of Washington stock opened at $70.45 on Wednesday. The company’s fifty day simple moving average is $73.74 and its 200-day simple moving average is $74.69. The stock has a market capitalization of $12.19 billion, a PE ratio of 20.24 and a beta of 0.90. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 2.12.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. As a group, research analysts anticipate that Expeditors International of Washington will post 3.52 EPS for the current year.

About Expeditors International of Washington

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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