Rathbone Brothers plc held its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the transportation company’s stock at the close of the second quarter. Rathbone Brothers plc’s holdings in Expeditors International of Washington were worth $254,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Forsta AP Fonden boosted its position in Expeditors International of Washington by 20.3% during the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after acquiring an additional 31,100 shares during the period. Prudential Financial Inc. boosted its position in Expeditors International of Washington by 18.7% during the 1st quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock worth $17,669,000 after acquiring an additional 49,240 shares during the period. LS Investment Advisors LLC boosted its position in Expeditors International of Washington by 8.5% during the 2nd quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock worth $1,718,000 after acquiring an additional 2,391 shares during the period. Weiss Multi Strategy Advisers LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth $1,937,000. Finally, Assenagon Asset Management S.A. boosted its position in Expeditors International of Washington by 12.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,836 shares of the transportation company’s stock worth $2,815,000 after acquiring an additional 5,337 shares during the period. Institutional investors own 93.64% of the company’s stock.

EXPD has been the subject of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. Zacks Investment Research lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Cowen and Company reiterated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.80.

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Shares of Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 56.97 on Friday. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 24.66 and a beta of 0.66. Expeditors International of Washington, Inc. has a one year low of $47.23 and a one year high of $59.90. The stock has a 50 day moving average price of $56.85 and a 200 day moving average price of $55.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analyst estimates of $1.62 billion. During the same period last year, the company earned $0.63 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post $2.32 EPS for the current year.

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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