Marble Harbor Investment Counsel LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,750 shares of the transportation company’s stock after buying an additional 300 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $2,697,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPD. Pillar Pacific Capital Management LLC raised its position in Expeditors International of Washington by 1.5% in the first quarter. Pillar Pacific Capital Management LLC now owns 46,148 shares of the transportation company’s stock worth $2,606,000 after buying an additional 680 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Expeditors International of Washington by 3.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 544,049 shares of the transportation company’s stock worth $30,733,000 after buying an additional 20,558 shares during the period. State Treasurer State of Michigan raised its position in Expeditors International of Washington by 0.3% in the first quarter. State Treasurer State of Michigan now owns 59,199 shares of the transportation company’s stock worth $3,344,000 after buying an additional 200 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Expeditors International of Washington by 47.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,856 shares of the transportation company’s stock worth $557,000 after buying an additional 3,188 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Expeditors International of Washington by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,263 shares of the transportation company’s stock worth $1,710,000 after buying an additional 920 shares during the period. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc. (EXPD) traded down 0.12% during mid-day trading on Thursday, reaching $56.05. 92,408 shares of the company traded hands. The stock has a market capitalization of $10.13 billion, a PE ratio of 24.26 and a beta of 0.65. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $59.90. The stock has a 50-day moving average of $57.24 and a 200 day moving average of $55.89.

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

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A number of research firms have weighed in on EXPD. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target 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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