Twin Capital Management Inc. Has $5.70 Million Stock Position in Expeditors International of Washington (NASDAQ:EXPD)

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Twin Capital Management Inc. lessened its stake in Expeditors International of Washington (NASDAQ:EXPD) by 55.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 75,090 shares of the transportation company’s stock after selling 92,230 shares during the period. Twin Capital Management Inc.’s holdings in Expeditors International of Washington were worth $5,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Stephens Inc. AR boosted its stake in shares of Expeditors International of Washington by 2.5% during the 2nd quarter. Stephens Inc. AR now owns 27,102 shares of the transportation company’s stock worth $2,056,000 after buying an additional 653 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Expeditors International of Washington by 33.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 343,142 shares of the transportation company’s stock worth $25,725,000 after buying an additional 86,370 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Expeditors International of Washington by 4.9% in the 2nd quarter. Advisory Services Network LLC now owns 11,414 shares of the transportation company’s stock valued at $865,000 after purchasing an additional 537 shares during the period. Coastal Investment Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 17.6% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,394 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 209 shares during the period. Finally, TD Asset Management Inc. raised its holdings in shares of Expeditors International of Washington by 10.2% in the 2nd quarter. TD Asset Management Inc. now owns 1,013,834 shares of the transportation company’s stock valued at $76,909,000 after purchasing an additional 93,553 shares during the period. Hedge funds and other institutional investors own 91.78% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Loop Capital assumed coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 target price on the stock. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a report on Monday, August 5th. BidaskClub upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Cowen reiterated a “hold” rating and set a $79.00 price target on shares of Expeditors International of Washington in a report on Tuesday, August 6th. Finally, UBS Group set a $67.00 price objective on Expeditors International of Washington and gave the company a “sell” rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.00.

EXPD traded down $0.07 during trading on Thursday, reaching $70.13. 41,724 shares of the stock traded hands, compared to its average volume of 1,023,768. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $12.14 billion, a PE ratio of 20.18 and a beta of 0.90. The company has a 50-day simple moving average of $74.21. Expeditors International of Washington has a 12 month low of $62.90 and a 12 month high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.08. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Equities research analysts anticipate that Expeditors International of Washington will post 3.52 EPS for the current fiscal year.

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

Further Reading: Street Name

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

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