Expeditors International of Washington (NASDAQ:EXPD) Holdings Decreased by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC cut its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 30.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,810 shares of the transportation company’s stock after selling 9,125 shares during the quarter. Expeditors International of Washington accounts for about 1.5% of Diversified Investment Strategies LLC’s portfolio, making the stock its 17th biggest position. Diversified Investment Strategies LLC’s holdings in Expeditors International of Washington were worth $1,579,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Moody National Bank Trust Division bought a new stake in Expeditors International of Washington in the first quarter worth about $25,000. Rational Advisors LLC bought a new stake in Expeditors International of Washington in the first quarter worth about $30,000. Lenox Wealth Management Inc. raised its position in Expeditors International of Washington by 98.9% in the second quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after acquiring an additional 282 shares in the last quarter. CX Institutional purchased a new position in Expeditors International of Washington in the 1st quarter worth about $50,000. Finally, Osborn Williams & Donohoe LLC purchased a new position in Expeditors International of Washington in the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Shares of EXPD opened at $73.18 on Monday. The business has a 50-day moving average of $74.85. The stock has a market cap of $12.59 billion, a PE ratio of 21.03 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 0.14, a current ratio of 2.22 and a quick ratio of 2.22.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. Equities analysts anticipate that Expeditors International of Washington will post 3.45 EPS for the current year.

EXPD has been the topic of a number of analyst reports. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a research note on Monday, May 27th. Loop Capital initiated coverage on Expeditors International of Washington in a research note on Thursday, May 30th. They issued a “hold” rating and a $78.00 price target on the stock. Cowen reissued a “market perform” rating and issued a $76.00 price target (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.29.

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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