Raymond James & Associates Has $26.28 Million Stock Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Raymond James & Associates increased its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,581 shares of the transportation company’s stock after acquiring an additional 21,200 shares during the quarter. Raymond James & Associates owned about 0.21% of Expeditors International of Washington worth $26,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Expeditors International of Washington by 14.9% during the second quarter. CWM LLC now owns 982 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 127 shares during the period. MainStreet Investment Advisors LLC increased its holdings in shares of Expeditors International of Washington by 3.7% in the first quarter. MainStreet Investment Advisors LLC now owns 4,368 shares of the transportation company’s stock worth $291,000 after acquiring an additional 157 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Expeditors International of Washington by 12.2% in the first quarter. Signaturefd LLC now owns 1,496 shares of the transportation company’s stock worth $100,000 after acquiring an additional 163 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Expeditors International of Washington by 22.4% in the first quarter. Hanson & Doremus Investment Management now owns 1,010 shares of the transportation company’s stock worth $67,000 after acquiring an additional 185 shares in the last quarter. Finally, Arjuna Capital increased its holdings in shares of Expeditors International of Washington by 2.2% in the first quarter. Arjuna Capital now owns 8,620 shares of the transportation company’s stock worth $575,000 after acquiring an additional 185 shares in the last quarter. 92.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Bradley S. Powell sold 18,470 shares of Expeditors International of Washington stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $76.75, for a total value of $1,417,572.50. Following the transaction, the chief financial officer now owns 13,439 shares in the company, valued at approximately $1,031,443.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Shares of NASDAQ EXPD opened at $84.51 on Friday. The stock has a market capitalization of $13.82 billion, a PE ratio of 25.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.26 and a quick ratio of 2.26. The business has a fifty day moving average price of $76.87 and a two-hundred day moving average price of $72.97. Expeditors International of Washington has a fifty-two week low of $52.55 and a fifty-two week high of $84.90.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Expeditors International of Washington had a return on equity of 27.00% and a net margin of 7.12%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. On average, equities analysts expect that Expeditors International of Washington will post 3.03 EPS for the current year.

EXPD has been the subject of a number of research reports. UBS Group increased their price objective on Expeditors International of Washington from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Tuesday, April 7th. Cowen decreased their price target on Expeditors International of Washington from $77.00 to $68.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley raised their price target on Expeditors International of Washington from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Barclays decreased their price target on Expeditors International of Washington from $81.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, April 17th. Four investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $69.25.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions.

Further Reading: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.