Marshfield Associates Has $67.51 Million Holdings in Expeditors International of Washington, Inc. (EXPD)

Marshfield Associates trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,195,317 shares of the transportation company’s stock after selling 26,833 shares during the period. Expeditors International of Washington makes up approximately 5.0% of Marshfield Associates’ holdings, making the stock its 9th biggest holding. Marshfield Associates owned 0.66% of Expeditors International of Washington worth $67,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares in the last quarter. BlackRock Inc. boosted its stake in Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock valued at $818,780,000 after acquiring an additional 13,787,678 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Expeditors International of Washington by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 13,961,384 shares of the transportation company’s stock valued at $788,679,000 after acquiring an additional 47,501 shares in the last quarter. State Street Corp boosted its stake in Expeditors International of Washington by 0.6% in the first quarter. State Street Corp now owns 10,805,641 shares of the transportation company’s stock valued at $610,406,000 after acquiring an additional 69,252 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after acquiring an additional 4,767,490 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded down 0.07% on Friday, hitting $60.40. 246,152 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $57.95 and its 200-day moving average price is $56.41. The company has a market cap of $10.92 billion, a PE ratio of 26.15 and a beta of 0.68. Expeditors International of Washington, Inc. has a 12-month low of $47.23 and a 12-month high of $60.81.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current year.

Several equities research analysts have weighed in on EXPD shares. Stifel Nicolaus restated a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company restated a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. Barclays PLC raised their target price on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $57.00.

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Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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