Lenox Wealth Management Inc. acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,734 shares of the transportation company’s stock, valued at approximately $663,000.

Other hedge funds have also added to or reduced their stakes in the company. Mosaic Family Wealth LLC lifted its position in Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares during the last quarter. Van ECK Associates Corp lifted its position in Expeditors International of Washington by 7.0% during the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 193 shares during the last quarter. Pacer Advisors Inc. lifted its position in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 101 shares during the last quarter. Finally, Barings LLC bought a new position in Expeditors International of Washington during the first quarter valued at $210,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Shares of Expeditors International of Washington, Inc. (EXPD) traded down 0.258% during midday trading on Thursday, hitting $59.945. 174,936 shares of the stock traded hands. The company’s 50 day moving average price is $57.09 and its 200-day moving average price is $56.23. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 25.950 and a beta of 0.68. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $60.47.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post $2.31 EPS for the current year.

EXPD has been the subject of several research reports. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. 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 upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average target price of $57.00.

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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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