Van ECK Associates Corp Reduces Holdings in Expeditors International of Washington, Inc. $EXPD

Van ECK Associates Corp reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% during the second quarter, HoldingsChannel reports. The firm owned 28,384 shares of the transportation company’s stock after selling 4,559 shares during the quarter. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $4,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB raised its position in shares of Expeditors International of Washington by 153.5% in the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after purchasing an additional 17,969 shares in the last quarter. Arjuna Capital grew its position in shares of Expeditors International of Washington by 37.0% during the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after buying an additional 6,471 shares in the last quarter. Forsta AP Fonden increased its stake in shares of Expeditors International of Washington by 81.4% in the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock worth $13,351,000 after buying an additional 40,200 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $32,004,000. Finally, Kentucky Retirement Systems raised its holdings in Expeditors International of Washington by 97.2% in the first quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock valued at $2,431,000 after acquiring an additional 8,367 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price objective on the stock in a research note on Wednesday, August 5th. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays increased their price target on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $168.78.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $186.37 on Thursday. The company has a market cap of $24.23 billion, a PE ratio of 32.58, a P/E/G ratio of 5.00 and a beta of 1.06. The company has a fifty day moving average price of $177.36 and a two-hundred day moving average price of $160.33. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 EPS. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.