Jensen Investment Management Inc. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,500 shares of the transportation company’s stock after buying an additional 2,240 shares during the period. Jensen Investment Management Inc.’s holdings in Expeditors International of Washington were worth $650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Vanguard Group Inc. increased its position in Expeditors International of Washington by 2.4% in the first quarter. Vanguard Group Inc. now owns 19,172,075 shares of the transportation company’s stock valued at $1,083,031,000 after buying an additional 450,763 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock valued at $818,780,000 after buying an additional 13,787,678 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Expeditors International of Washington by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 13,961,384 shares of the transportation company’s stock valued at $788,679,000 after buying an additional 47,501 shares during the last quarter. State Street Corp boosted its stake in shares of Expeditors International of Washington by 0.6% in the first quarter. State Street Corp now owns 10,805,641 shares of the transportation company’s stock valued at $610,406,000 after buying an additional 69,252 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Expeditors International of Washington by 43.0% in the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock valued at $268,582,000 after buying an additional 1,429,041 shares during the last quarter. 93.64% of the stock is owned by institutional investors.

Expeditors International of Washington, Inc. (EXPD) traded down 0.59% during trading on Thursday, hitting $55.79. The company’s stock had a trading volume of 235,593 shares. The firm has a 50 day moving average of $57.24 and a 200 day moving average of $55.89. The firm has a market cap of $10.08 billion, a P/E ratio of 24.15 and a beta of 0.65. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted $0.63 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current year.

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Several brokerages recently commented on EXPD. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a report on Friday, August 11th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $55.80.

About Expeditors International of Washington

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.

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

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