GSA Capital Partners LLP cut its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,920 shares of the transportation company’s stock after selling 13,985 shares during the quarter. GSA Capital Partners LLP’s holdings in Expeditors International of Washington were worth $1,822,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P lifted its holdings in shares of Expeditors International of Washington by 0.4% during the first quarter. Loomis Sayles & Co. L P now owns 15,626,749 shares of the transportation company’s stock worth $989,173,000 after buying an additional 64,424 shares during the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Expeditors International of Washington by 25.6% during the first quarter. Fiduciary Management Inc. WI now owns 7,104,963 shares of the transportation company’s stock worth $449,744,000 after buying an additional 1,448,170 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Expeditors International of Washington by 41.6% during the first quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock worth $276,555,000 after buying an additional 1,283,685 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Expeditors International of Washington by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 2,246,677 shares of the transportation company’s stock worth $164,231,000 after buying an additional 13,030 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Expeditors International of Washington by 70.3% during the second quarter. Wells Fargo & Company MN now owns 2,164,146 shares of the transportation company’s stock worth $158,200,000 after buying an additional 893,722 shares during the last quarter. Institutional investors own 92.96% of the company’s stock.

Shares of NASDAQ EXPD opened at $73.31 on Wednesday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 25.24, a PEG ratio of 2.91 and a beta of 0.70. Expeditors International of Washington has a one year low of $55.03 and a one year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. research analysts predict that Expeditors International of Washington will post 3.16 EPS for the current fiscal year.

A number of research analysts have recently commented on EXPD shares. BidaskClub lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Friday, July 13th. Credit Suisse Group upped their price target on Expeditors International of Washington from $63.00 to $67.00 and gave the stock an “underperform” rating in a report on Wednesday, May 9th. ValuEngine upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Robert W. Baird upped their price target on Expeditors International of Washington from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, June 4th. Finally, Cowen upped their price target on Expeditors International of Washington from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.00.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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