Expeditors International of Washington (EXPD) : Lyons Wealth Management. reduced its stake in Expeditors International of Washington by 8.7% during the most recent quarter end. The investment management company now holds a total of 17,348 shares of Expeditors International of Washington which is valued at $885,095 after selling 1,654 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Expeditors International of Washington makes up approximately 1.27% of Lyons Wealth Management.’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in EXPD in the latest quarter, The investment management firm added 14,172 additional shares and now holds a total of 341,735 shares of Expeditors International of Washington which is valued at $17,435,320. Expeditors International of Washington makes up approx 0.11% of Teacher Retirement System Of Texas’s portfolio. Neuberger Berman Group added EXPD to its portfolio by purchasing 8,554 company shares during the most recent quarter which is valued at $437,623.Welch Forbes reduced its stake in EXPD by selling 24,425 shares or 6.01% in the most recent quarter. The Hedge Fund company now holds 381,959 shares of EXPD which is valued at $19,487,548. Expeditors International of Washington makes up approx 0.58% of Welch Forbes’s portfolio. Jfs Wealth Advisors sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 14 shares of EXPD which is valued $699.Ibm Retirement Fund reduced its stake in EXPD by selling 1,000 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 21,521 shares of EXPD which is valued at $1,079,493. Expeditors International of Washington makes up approx 0.04% of Ibm Retirement Fund’s portfolio.
Expeditors International of Washington closed down -0.08 points or -0.16% at $51.01 with 6,92,897 shares getting traded on Wednesday. Post opening the session at $51.01, the shares hit an intraday low of $50.85 and an intraday high of $51.25 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 $0.63 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 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.