Expeditors International of Washington (EXPD) : Daniel Devine Co reduced its stake in Expeditors International of Washington by 0.81% during the most recent quarter end. The investment management company now holds a total of 36,675 shares of Expeditors International of Washington which is valued at $1,805,877 after selling 300 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Expeditors International of Washington makes up approximately 1.16% of Daniel Devine Co’s portfolio.
Expeditors International of Washington closed down -0.04 points or -0.08% at $49.2 with 8,18,552 shares getting traded on Monday. Post opening the session at $49.07, the shares hit an intraday low of $48.85 and an intraday high of $49.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 46,996 shares of EXPD which is valued $2,314,083.Capstone Asset Management Co boosted its stake in EXPD in the latest quarter, The investment management firm added 2,420 additional shares and now holds a total of 35,333 shares of Expeditors International of Washington which is valued at $1,739,797. Expeditors International of Washington makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in EXPD in the latest quarter, The investment management firm added 2,554 additional shares and now holds a total of 44,337 shares of Expeditors International of Washington which is valued at $2,183,154. Expeditors International of Washington makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Proficio Capital Partners reduced its stake in EXPD by selling 52 shares or 55.32% in the most recent quarter. The Hedge Fund company now holds 42 shares of EXPD which is valued at $2,012. Eagle Asset Management Inc sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 46,633 shares of EXPD which is valued $2,234,187.
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. 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 .Cowen Initiated Expeditors International of Washington on Mar 18, 2016 to “Market Perform”, Price Target of the shares are set at $53.
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.