Expeditors International of Washington, Inc. $EXPD Stock Position Decreased by Vest Financial LLC

Vest Financial LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,724 shares of the transportation company’s stock after selling 32,897 shares during the period. Vest Financial LLC’s holdings in Expeditors International of Washington were worth $53,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Expeditors International of Washington by 1.5% in the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company’s stock valued at $758,000 after buying an additional 56 shares during the period. Mather Group LLC. lifted its position in Expeditors International of Washington by 6.4% in the 3rd quarter. Mather Group LLC. now owns 1,051 shares of the transportation company’s stock valued at $194,000 after acquiring an additional 63 shares in the last quarter. RFG Advisory LLC lifted its position in Expeditors International of Washington by 3.5% in the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 64 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock worth $32,000 after purchasing an additional 76 shares during the period. Finally, Nilsine Partners LLC boosted its stake in Expeditors International of Washington by 1.9% in the 2nd quarter. Nilsine Partners LLC now owns 4,036 shares of the transportation company’s stock worth $658,000 after purchasing an additional 77 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXPD shares. BNP Paribas Exane started coverage on Expeditors International of Washington in a report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price for the company. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, UBS Group upped their price objective on Expeditors International of Washington from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $175.27.

Expeditors International of Washington Stock Down 0.6%

Shares of Expeditors International of Washington stock opened at $197.20 on Thursday. The stock has a market cap of $25.63 billion, a P/E ratio of 34.48, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12-month low of $116.84 and a 12-month high of $200.66. The business’s 50 day moving average is $190.28 and its 200-day moving average is $171.76.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, beating the consensus estimate 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%. During the same period in the previous year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.