Expeditors International of Washington (EXPD) : Lj Trust Co added new position in Expeditors International of Washington during the most recent quarter end. The investment management firm now holds 283,600 shares of Expeditors International of Washington which is valued at $14,225,376 , the company said in a statement filed on Jul 12, 2016 with the SEC.Expeditors International of Washington makes up approximately 2.15% of Lj Trust Co’s portfolio.
Other Hedge Funds, Including , Next Financial Group Inc reduced its stake in EXPD by selling 150 shares or 26.74% in the most recent quarter. The Hedge Fund company now holds 411 shares of EXPD which is valued at $20,517. Expeditors International of Washington makes up approx 0.01% of Next Financial Group Inc’s portfolio.Baxter Bros Inc reduced its stake in EXPD by selling 400 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of EXPD which is valued at $439,296. Expeditors International of Washington makes up approx 0.14% of Baxter Bros Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EXPD in the latest quarter, The investment management firm added 11,537 additional shares and now holds a total of 52,830 shares of Expeditors International of Washington which is valued at $2,637,274. Expeditors International of Washington makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Expeditors International of Washington closed down -0.17 points or -0.34% at $50 with 10,26,254 shares getting traded on Friday. Post opening the session at $50.21, the shares hit an intraday low of $49.87 and an intraday high of $50.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Expeditors International of Washington was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 21, 2016. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight”, Firm has raised the Price Target to $ 58 from a previous price target of $51 .
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.