Empowered Funds LLC Sells 33,196 Shares of Expeditors International of Washington, Inc. $EXPD

Empowered Funds LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,726 shares of the transportation company’s stock after selling 33,196 shares during the quarter. Empowered Funds LLC’s holdings in Expeditors International of Washington were worth $3,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Rossby Financial LCC boosted its position in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares during the period. Claro Advisors Inc. increased its position in shares of Expeditors International of Washington by 5.0% in the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Hardy Reed LLC increased its position in shares of Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the period. Meeder Advisory Services Inc. raised its stake in shares of Expeditors International of Washington by 5.4% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicollet Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 0.9% during the fourth quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after acquiring an additional 98 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Down 1.0%

Shares of NASDAQ EXPD opened at $187.72 on Wednesday. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $192.28. The firm has a market capitalization of $24.40 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a fifty day simple moving average of $176.83 and a two-hundred day simple moving average of $160.01.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXPD shares. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research note on Wednesday, August 5th. TD Cowen boosted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, August 5th. Barclays upped their price target on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Company 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.