Comerica Bank Has $5.37 Million Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Comerica Bank cut its stake in Expeditors International of Washington (NASDAQ:EXPD) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,079 shares of the transportation company’s stock after selling 5,207 shares during the period. Comerica Bank’s holdings in Expeditors International of Washington were worth $5,369,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EXPD. Thrivent Financial For Lutherans raised its stake in Expeditors International of Washington by 5.9% in the second quarter. Thrivent Financial For Lutherans now owns 7,274 shares of the transportation company’s stock valued at $411,000 after buying an additional 404 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Expeditors International of Washington by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 613,843 shares of the transportation company’s stock valued at $34,668,000 after buying an additional 17,950 shares in the last quarter. QS Investors LLC raised its stake in Expeditors International of Washington by 10.9% in the second quarter. QS Investors LLC now owns 9,109 shares of the transportation company’s stock valued at $514,000 after buying an additional 896 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Expeditors International of Washington by 25.9% in the second quarter. The Manufacturers Life Insurance Company now owns 267,734 shares of the transportation company’s stock valued at $15,122,000 after buying an additional 55,160 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in Expeditors International of Washington by 197.5% in the second quarter. Nomura Holdings Inc. now owns 20,562 shares of the transportation company’s stock valued at $1,161,000 after buying an additional 13,650 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Expeditors International of Washington (NASDAQ EXPD) traded down $0.07 on Tuesday, hitting $64.12. The stock had a trading volume of 2,954,200 shares, compared to its average volume of 1,153,980. Expeditors International of Washington has a twelve month low of $51.96 and a twelve month high of $67.54. The firm has a market capitalization of $11,394.30, a PE ratio of 26.83, a P/E/G ratio of 2.92 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the company posted $0.61 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. equities research analysts predict that Expeditors International of Washington will post 2.4 earnings per share for the current year.

In related news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.78% of the company’s stock.

A number of analysts have weighed in on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, November 9th. Barclays restated a “buy” rating and issued a $70.00 price target on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $68.00 target price on shares of Expeditors International of Washington in a research report on Thursday, January 18th. Cowen lifted their target price on Expeditors International of Washington from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group started coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $63.38.

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About Expeditors International of Washington

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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