Expeditors International of Washington (EXPD) : Pensionfund Dsm Netherlands scooped up 7,200 additional shares in Expeditors International of Washington during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 65,200 shares of Expeditors International of Washington which is valued at $3.1 Million.Expeditors International of Washington makes up approximately 0.43% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Beacon Financial Group reduced its stake in EXPD by selling 2,237 shares or 4.07% in the most recent quarter. The Hedge Fund company now holds 52,708 shares of EXPD which is valued at $2.6 Million. Expeditors International of Washington makes up approx 0.56% of Beacon Financial Group’s portfolio.
On the company’s financial health, Expeditors International of Washington reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.60. The company had revenue of $1596.20 million for the quarter, compared to analysts expectations of $1702.99 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
Many Wall Street Analysts have commented on Expeditors International of Washington. Cowen Initiated Expeditors International of Washington on Mar 18, 2016 to “Market Perform”, Price Target of the shares are set at $53.Shares were Downgraded by RBC Capital Mkts on Jan 7, 2016 to ” Sector Perform” and Lowered the Price Target to $ 46 from a previous price target of $56 .
Expeditors International of Washington opened for trading at $47.79 and hit $48.33 on the upside on Monday, eventually ending the session at $47.91, with a gain of 0.88% or 0.42 points. The heightened volatility saw the trading volume jump to 12,40,762 shares. Company has a market cap of $8,725 M.
Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Companys services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.