WINTON GROUP Ltd Sells 135,795 Shares of Expeditors International of Washington, Inc. (EXPD)

WINTON GROUP Ltd lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 84.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,848 shares of the transportation company’s stock after selling 135,795 shares during the quarter. WINTON GROUP Ltd’s holdings in Expeditors International of Washington were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC lifted its holdings in shares of Expeditors International of Washington by 210.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock worth $1,324,000 after buying an additional 15,891 shares during the period. Forsta AP Fonden lifted its holdings in shares of Expeditors International of Washington by 20.3% in the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock worth $10,411,000 after buying an additional 31,100 shares during the period. Summit Global Investments purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth $652,000. Stifel Financial Corp lifted its holdings in shares of Expeditors International of Washington by 5.3% in the 2nd quarter. Stifel Financial Corp now owns 86,500 shares of the transportation company’s stock worth $4,897,000 after buying an additional 4,333 shares during the period. Finally, Gotham Asset Management LLC lifted its holdings in shares of Expeditors International of Washington by 23.9% in the 2nd quarter. Gotham Asset Management LLC now owns 298,543 shares of the transportation company’s stock worth $16,862,000 after buying an additional 57,521 shares during the period. Institutional investors own 93.31% of the company’s stock.

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Several brokerages have weighed in on EXPD. Barclays PLC upped their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. BidaskClub cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.00.

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.24% on Friday, reaching $59.37. The company had a trading volume of 698,247 shares. The company has a 50 day moving average of $58.68 and a 200-day moving average of $56.59. The company has a market capitalization of $10.73 billion, a P/E ratio of 25.70 and a beta of 0.68. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.81.

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

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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