Expeditors International of Washington (EXPD) : International Value Advisers reduced its stake in Expeditors International of Washington by 12.78% during the most recent quarter end. The investment management company now holds a total of 4,026,338 shares of Expeditors International of Washington which is valued at $191 Million after selling 589,931 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on May 13, 2016.Expeditors International of Washington makes up approximately 5.59% of International Value Advisers’s portfolio.
Other Hedge Funds, Including , Philadelphia Trust Co sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 71,110 shares of EXPD which is valued $3.4 Million.Shell Asset Management Co reduced its stake in EXPD by selling 1,019 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 31,538 shares of EXPD which is valued at $1.5 Million. Expeditors International of Washington makes up approx 0.04% of Shell Asset Management Co’s portfolio. Nine Chapters Capital Management sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 34,000 shares of EXPD which is valued $1.6 Million. Jensen Investment Management Inc added EXPD to its portfolio by purchasing 8,600 company shares during the most recent quarter which is valued at $416,240. Expeditors International of Washington makes up approx 0.01% of Jensen Investment Management Inc’s portfolio. Lmr Partners Llp added EXPD to its portfolio by purchasing 18,811 company shares during the most recent quarter which is valued at $910,452. Expeditors International of Washington makes up approx 0.14% of Lmr Partners Llp’s portfolio.
Expeditors International of Washington closed down -0.31 points or -0.63% at $48.87 with 17,85,190 shares getting traded on Wednesday. Post opening the session at $49.23, the shares hit an intraday low of $48.73 and an intraday high of $49.475 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
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 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.