Strs Ohio Has $2.28 Million Position in Expeditors International of Washington (EXPD)

Strs Ohio boosted its stake in Expeditors International of Washington (NASDAQ:EXPD) by 24.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,070 shares of the transportation company’s stock after buying an additional 6,041 shares during the quarter. Strs Ohio’s holdings in Expeditors International of Washington were worth $2,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Qube Research & Technologies Ltd purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $113,000. Meeder Asset Management Inc. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $116,000. Fort L.P. purchased a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $118,000. Parallel Advisors LLC increased its position in shares of Expeditors International of Washington by 70.7% during the 2nd 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 last quarter. Finally, MainStreet Investment Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $198,000. 93.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Deutsche Bank assumed coverage on Expeditors International of Washington in a research report on Tuesday, September 4th. They set a “hold” rating and a $71.00 target price for the company. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a research report on Wednesday, August 8th. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group decreased their target price on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research report on Wednesday, August 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Shares of EXPD opened at $67.46 on Wednesday. Expeditors International of Washington has a fifty-two week low of $56.44 and a fifty-two week high of $78.16. The stock has a market capitalization of $11.39 billion, a P/E ratio of 27.20, a PEG ratio of 2.61 and a beta of 0.66.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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. As a group, analysts forecast that Expeditors International of Washington will post 3.14 earnings per share for the current 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, 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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