Columbia Wanger Asset Management buys $167.4 Million stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Columbia Wanger Asset Management scooped up 931,700 additional shares in Expeditors International of Washington during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,527,826 shares of Expeditors International of Washington which is valued at $167.4 Million.Expeditors International of Washington makes up approximately 1.79% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in EXPD in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 382,957 shares of Expeditors International of Washington which is valued at $18.2 Million. Expeditors International of Washington makes up approx 0.04% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in EXPD by selling 23,861 shares or 84.88% in the most recent quarter. The Hedge Fund company now holds 4,250 shares of EXPD which is valued at $201,663. Expeditors International of Washington makes up approx 0.03% of Massmutual Trust Co Fsbadv’s portfolio.Mutual Of America Capital Management boosted its stake in EXPD in the latest quarter, The investment management firm added 343 additional shares and now holds a total of 41,710 shares of Expeditors International of Washington which is valued at $2 Million. Expeditors International of Washington makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.United Asset Strategies boosted its stake in EXPD in the latest quarter, The investment management firm added 990 additional shares and now holds a total of 48,875 shares of Expeditors International of Washington which is valued at $2.4 Million. Expeditors International of Washington makes up approx 1.03% of United Asset Strategies’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in EXPD in the latest quarter, The investment management firm added 1,907 additional shares and now holds a total of 27,052 shares of Expeditors International of Washington which is valued at $1.3 Million. Expeditors International of Washington makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Expeditors International of Washington opened for trading at $47.85 and hit $48.74 on the upside on Friday, eventually ending the session at $48.43, with a gain of 1.40% or 0.67 points. The heightened volatility saw the trading volume jump to 55,88,458 shares. Company has a market cap of $8,817,117 M.

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.

Investors should note that on May 4, 2016, Expeditors International of Washington announced a cash dividend of $0.4000. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

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 .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 Company’s 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.

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