Anchor Capital Advisors Lowers stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Anchor Capital Advisors reduced its stake in Expeditors International of Washington by 3.37% during the most recent quarter end. The investment management company now holds a total of 525,487 shares of Expeditors International of Washington which is valued at $26,810,347 after selling 18,331 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Expeditors International of Washington makes up approximately 0.69% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , St. James Investment Company reduced its stake in EXPD by selling 9,739 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 914,102 shares of EXPD which is valued at $46,637,484. Expeditors International of Washington makes up approx 5.75% of St. James Investment Company’s portfolio.Jensen Investment Management Inc reduced its stake in EXPD by selling 60 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 8,540 shares of EXPD which is valued at $426,573. Expeditors International of Washington makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.Confluence Investment Management reduced its stake in EXPD by selling 256,272 shares or 39.04% in the most recent quarter. The Hedge Fund company now holds 400,084 shares of EXPD which is valued at $19,984,196. Expeditors International of Washington makes up approx 0.54% of Confluence Investment Management’s portfolio.Dnb Asset Management As boosted its stake in EXPD in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 14,697 shares of Expeditors International of Washington which is valued at $733,674. Expeditors International of Washington makes up approx 0.02% of Dnb Asset Management As’s portfolio.

Expeditors International of Washington closed down -0.59 points or -1.16% at $50.43 with 18,13,770 shares getting traded on Thursday. Post opening the session at $50.53, the shares hit an intraday low of $50.1 and an intraday high of $50.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Expeditors International of Washington reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $1475.20 million for the quarter, compared to analysts expectations of $1531.36 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Expeditors International of Washington. Expeditors International of Washington was Downgraded by Stifel to ” Hold” on Aug 4, 2016.

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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