Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,046 shares of the transportation company’s stock after selling 150 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Expeditors International of Washington were worth $1,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Black Diamond Financial LLC boosted its stake in shares of Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after purchasing an additional 89 shares during the period. Blair William & Co. IL boosted its stake in shares of Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Expeditors International of Washington by 0.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after acquiring an additional 106 shares during the last quarter. Finally, Values First Advisors Inc. boosted its stake in Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after acquiring an additional 112 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.0 %

NASDAQ:EXPD opened at $119.54 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.59. The company has a 50-day moving average of $122.87 and a 200-day moving average of $121.07. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $1.30 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and reduced their price objective for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.