Matterhorn Capital Management Lowers stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Matterhorn Capital Management reduced its stake in Expeditors International of Washington by 36.78% during the most recent quarter end. The investment management company now holds a total of 29,522 shares of Expeditors International of Washington which is valued at $1,506,212 after selling 17,173 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Expeditors International of Washington makes up approximately 0.94% of Matterhorn Capital Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in EXPD in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 1,739 shares of Expeditors International of Washington which is valued at $88,724. Expeditors International of Washington makes up approx 0.01% of Spot Trading L.l.c’s portfolio.Canandaigua National Bank Trust Co reduced its stake in EXPD by selling 206 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 6,685 shares of EXPD which is valued at $333,916. Expeditors International of Washington makes up approx 0.10% of Canandaigua National Bank Trust Co’s portfolio.Trust Co Of Vermont boosted its stake in EXPD in the latest quarter, The investment management firm added 560 additional shares and now holds a total of 6,455 shares of Expeditors International of Washington which is valued at $321,524. Expeditors International of Washington makes up approx 0.04% of Trust Co Of Vermont’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in EXPD by selling 43,780 shares or 74.73% in the most recent quarter. The Hedge Fund company now holds 14,808 shares of EXPD which is valued at $742,769. Expeditors International of Washington makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in EXPD by selling 8,910 shares or 25.13% in the most recent quarter. The Hedge Fund company now holds 26,540 shares of EXPD which is valued at $1,324,877. Expeditors International of Washington makes up approx 0.38% of Daiwa Sb Investments Ltd.’s portfolio.

Expeditors International of Washington closed down -0.14 points or -0.27% at $51.02 with 9,25,351 shares getting traded on Monday. Post opening the session at $51.31, the shares hit an intraday low of $50.86 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Monday 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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