Expeditors International of Washington (EXPD) : Sequent Asset Management reduced its stake in Expeditors International of Washington by 4.57% during the most recent quarter end. The investment management company now holds a total of 14,519 shares of Expeditors International of Washington which is valued at $740,759 after selling 696 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 0.48% of Sequent Asset Management’s portfolio.
Other Hedge Funds, Including , Ancora Inverness reduced its stake in EXPD by selling 15,298 shares or 42.63% in the most recent quarter. The Hedge Fund company now holds 20,587 shares of EXPD which is valued at $1,050,349. Expeditors International of Washington makes up approx 0.39% of Ancora Inverness’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.Bnp Paribas Arbitrage Sa boosted its stake in EXPD in the latest quarter, The investment management firm added 11,537 additional shares and now holds a total of 52,830 shares of Expeditors International of Washington which is valued at $2,637,274. Expeditors International of Washington makes up approx 0.01% of Bnp Paribas Arbitrage Sa’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 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.