Forsta AP Fonden lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 35.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,739 shares of the transportation company’s stock after selling 64,592 shares during the quarter. Forsta AP Fonden owned approximately 0.07% of Expeditors International of Washington worth $7,168,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the last quarter. Mosaic Family Wealth LLC boosted 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 worth $143,000 after acquiring an additional 93 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 worth $147,000 after acquiring an additional 471 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington during the third quarter worth approximately $208,000. Finally, Barings LLC acquired a new stake in Expeditors International of Washington during the first quarter worth approximately $210,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

EXPD has been the topic of a number of analyst reports. Morgan Stanley restated 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. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC raised their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $57.00.

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Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $57.84 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $60.81. The firm has a market cap of $10,473.77, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. research analysts expect that Expeditors International of Washington, Inc. will post 2.33 earnings per share for the current year.

Expeditors International of Washington Company Profile

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.

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

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