Saratoga Research & Investment Management increased its position in Expeditors International of Washington Inc. (NASDAQ:EXPD) by 23.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 489,605 shares of the company’s stock after buying an additional 94,020 shares during the period. Expeditors International of Washington accounts for about 2.2% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 25th largest position. Saratoga Research & Investment Management owned approximately 0.27% of Expeditors International of Washington worth $24,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in EXPD. Creative Planning increased its position in shares of Expeditors International of Washington by 10.2% in the second quarter. Creative Planning now owns 2,607 shares of the company’s stock worth $128,000 after buying an additional 241 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in Expeditors International of Washington during the first quarter valued at about $165,000. Dearborn Partners LLC acquired a new stake in Expeditors International of Washington during the second quarter valued at about $204,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in Expeditors International of Washington by 7.5% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,410 shares of the company’s stock valued at $265,000 after buying an additional 378 shares during the period. Finally, Prudential PLC acquired a new stake in Expeditors International of Washington during the first quarter valued at about $298,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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

Expeditors International of Washington Inc. (NASDAQ:EXPD) traded up 0.04% on Friday, reaching $51.00. The company had a trading volume of 915,620 shares. Expeditors International of Washington Inc. has a 52-week low of $40.41 and a 52-week high of $52.58. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 21.32 and a beta of 0.78. The stock’s 50-day moving average price is $51.09 and its 200 day moving average price is $49.70.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Expeditors International of Washington had a return on equity of 25.10% and a net margin of 7.25%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington Inc. will post $2.43 earnings per share for the current fiscal year.

Several research firms have issued reports on EXPD. Credit Suisse Group AG reissued a “sell” rating and set a $46.00 target price on shares of Expeditors International of Washington in a research note on Wednesday, August 3rd. Wolfe Research cut Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Stifel Nicolaus raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.91.

In other Expeditors International of Washington news, Director Michael J. Malone sold 26,646 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $51.00, for a total transaction of $1,358,946.00. Following the transaction, the director now owns 108,786 shares of the company’s stock, valued at approximately $5,548,086. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

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.

5 Day Chart for NASDAQ:EXPD

Receive News & Stock Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related stocks with our FREE daily email newsletter.