McKinley Carter Wealth Services Inc. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,183 shares of the transportation company’s stock after buying an additional 372 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Expeditors International of Washington were worth $2,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EXPD. TrimTabs Asset Management LLC raised its position in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock valued at $117,000 after buying an additional 976 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock valued at $138,000 after buying an additional 49 shares during the last quarter. Van ECK Associates Corp raised its position in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after buying an additional 193 shares during the last quarter. Creative Planning raised its position in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock valued at $168,000 after buying an additional 393 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares during the last quarter. Institutional investors own 93.64% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 55.05 on Monday. The stock has a 50 day moving average of $57.24 and a 200 day moving average of $55.89. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 23.83 and a beta of 0.65. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 22.03% and a net margin of 6.54%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

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EXPD has been the topic of several recent analyst reports. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Finally, Cowen and Company restated a “market perform” rating and issued a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.80.

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.

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

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