Capstone Investment Advisors LLC Reduces Stake in Expeditors International of Washington, Inc. $EXPD

Capstone Investment Advisors LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 95.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,844 shares of the transportation company’s stock after selling 106,307 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $789,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in Expeditors International of Washington in the 2nd quarter worth $2,193,093,000. State Street Corp boosted its stake in shares of Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after buying an additional 32,063 shares during the period. Bank of America Corp DE raised its stake in Expeditors International of Washington by 0.8% in the second quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock worth $421,456,000 after buying an additional 21,400 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.3%

Shares of EXPD opened at $191.24 on Friday. The company has a market capitalization of $24.86 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a 50 day moving average of $175.78 and a 200 day moving average of $159.66. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on EXPD shares. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective on the stock in a research report on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. UBS Group upped their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Bank of America increased their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $168.78.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.