Mckinley Carter Wealth Services buys $1,950,699 stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Mckinley Carter Wealth Services scooped up 5,093 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 Aug 1, 2016. The investment management firm now holds a total of 38,234 shares of Expeditors International of Washington which is valued at $1,950,699.Expeditors International of Washington makes up approximately 0.99% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in EXPD by selling 3,490 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 219,207 shares of EXPD which is valued at $11,183,941. Expeditors International of Washington makes up approx 0.04% of Aberdeen Asset Management Plcuk’s portfolio.Winslow Evans Crocker reduced its stake in EXPD by selling 24 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 2,104 shares of EXPD which is valued at $105,537. Expeditors International of Washington makes up approx 0.03% of Winslow Evans Crocker’s portfolio.America First Investment Advisors reduced its stake in EXPD by selling 630 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 200,003 shares of EXPD which is valued at $10,032,150. Expeditors International of Washington makes up approx 4.11% of America First Investment Advisors’s portfolio.First Quadrant L Pca boosted its stake in EXPD in the latest quarter, The investment management firm added 230,300 additional shares and now holds a total of 301,900 shares of Expeditors International of Washington which is valued at $15,037,639. Expeditors International of Washington makes up approx 0.32% of First Quadrant L Pca’s portfolio.Chevy Chase Trust Holdings boosted its stake in EXPD in the latest quarter, The investment management firm added 1,872 additional shares and now holds a total of 155,526 shares of Expeditors International of Washington which is valued at $7,763,858. Expeditors International of Washington makes up approx 0.04% of Chevy Chase Trust Holdings’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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