Los Angeles Capital Management & Equity Research Inc. boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 115.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,136 shares of the transportation company’s stock after purchasing an additional 15,585 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Expeditors International of Washington were worth $1,646,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. TrimTabs Asset Management LLC boosted its position in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after purchasing an additional 976 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in Expeditors International of Washington by 3.8% in the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after purchasing an additional 93 shares during the last quarter. Van ECK Associates Corp boosted its position in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after purchasing an additional 193 shares during the last quarter. Pacer Advisors Inc. boosted its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after purchasing an additional 101 shares during the last quarter. Finally, Barings LLC purchased a new position in Expeditors International of Washington in the first quarter worth about $210,000. 93.47% of the stock is currently owned by institutional investors and hedge funds.

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EXPD has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company reaffirmed a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $55.50.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 56.90 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $47.23 and a 1-year high of $59.90. The company has a market cap of $10.28 billion, a P/E ratio of 24.63 and a beta of 0.66. The stock has a 50 day moving average price of $56.55 and a 200 day moving average price of $56.01.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 EPS for the current fiscal year.

About Expeditors International of Washington

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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