Pacer Advisors Inc. Has $1.30 Million Stake in Expeditors International of Washington (NASDAQ:EXPD)

Pacer Advisors Inc. raised its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,164 shares of the transportation company’s stock after acquiring an additional 689 shares during the period. Pacer Advisors Inc.’s holdings in Expeditors International of Washington were worth $1,302,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Expeditors International of Washington by 1.2% during the first quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock valued at $1,124,681,000 after acquiring an additional 169,828 shares during the period. Bank of New York Mellon Corp boosted its holdings in Expeditors International of Washington by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 2,626,370 shares of the transportation company’s stock valued at $199,237,000 after acquiring an additional 20,817 shares during the period. Geode Capital Management LLC boosted its holdings in Expeditors International of Washington by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after acquiring an additional 113,850 shares during the period. Northern Trust Corp boosted its holdings in Expeditors International of Washington by 2.1% during the first quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock valued at $172,107,000 after acquiring an additional 45,673 shares during the period. Finally, Jackson Square Partners LLC boosted its holdings in Expeditors International of Washington by 5.9% during the first quarter. Jackson Square Partners LLC now owns 1,155,071 shares of the transportation company’s stock valued at $87,669,000 after acquiring an additional 64,113 shares during the period. Institutional investors own 93.15% of the company’s stock.

A number of research firms have issued reports on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday. Cowen reiterated a “hold” rating and issued a $79.00 target price on shares of Expeditors International of Washington in a research note on Tuesday, August 6th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Friday, May 17th. Finally, Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $73.13.

EXPD traded up $1.39 during midday trading on Friday, reaching $76.60. 235,390 shares of the company’s stock were exchanged, compared to its average volume of 792,447. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 22.01 and a beta of 0.96. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.15. Expeditors International of Washington has a one year low of $62.90 and a one year high of $80.69. The business has a 50-day simple moving average of $72.35 and a two-hundred day simple moving average of $74.57.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. As a group, research analysts anticipate that Expeditors International of Washington will post 3.53 EPS for the current fiscal year.

In other news, Director Sidney E. Harris sold 1,860 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total transaction of $250,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eugene K. Alger sold 39,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $71.24, for a total transaction of $2,778,360.00. Following the sale, the insider now directly owns 48,787 shares of the company’s stock, valued at approximately $3,475,585.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,860 shares of company stock valued at $5,586,330. Corporate insiders own 1.20% of the company’s stock.

Expeditors International of Washington 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.

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

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