US Bancorp DE lessened its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,125 shares of the transportation company’s stock after selling 29,516 shares during the quarter. US Bancorp DE owned approximately 0.12% of Expeditors International of Washington worth $15,945,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $116,000. Parallel Advisors LLC boosted its stake in shares of Expeditors International of Washington by 70.7% during the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock valued at $170,000 after purchasing an additional 966 shares during the period. Advisor Partners LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $209,000. Fruth Investment Management purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $211,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $213,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on EXPD. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the company a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Cowen reaffirmed a “market perform” rating and issued a $73.00 price target (up previously from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. BidaskClub raised Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 12th. Finally, Credit Suisse Group dropped their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $67.00.

Shares of EXPD stock opened at $73.70 on Friday. Expeditors International of Washington has a 52 week low of $54.94 and a 52 week high of $78.16. The firm has a market capitalization of $12.97 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.94 and a beta of 0.70.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. analysts expect that Expeditors International of Washington will post 3.16 EPS for the current fiscal year.

Expeditors International of Washington Company 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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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