Cwm LLC Reduces Position in Expeditors International of Washington (EXPD)

Cwm LLC trimmed its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 522,493 shares of the transportation company’s stock after selling 34,301 shares during the quarter. Expeditors International of Washington makes up approximately 1.5% of Cwm LLC’s investment portfolio, making the stock its 14th largest position. Cwm LLC owned about 0.29% of Expeditors International of Washington worth $33,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Expeditors International of Washington by 2.8% during the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after purchasing an additional 532,318 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after buying an additional 4,767,490 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in Expeditors International of Washington by 21.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after buying an additional 624,542 shares in the last quarter. APG Asset Management N.V. grew its holdings in Expeditors International of Washington by 115.2% in the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after buying an additional 766,900 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Expeditors International of Washington by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,318,071 shares of the transportation company’s stock valued at $74,445,000 after buying an additional 158,664 shares in the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.

EXPD has been the subject of several analyst reports. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Thursday, November 9th. Barclays restated a “buy” rating and issued a $70.00 target price on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Cowen upped their target price on Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. Goldman Sachs Group initiated coverage on Expeditors International of Washington in a report on Monday, November 13th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, UBS Group upped their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.13.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up $0.34 during trading hours on Tuesday, reaching $66.73. The company’s stock had a trading volume of 585,300 shares, compared to its average volume of 1,000,589. The stock has a market cap of $11,680.00, a PE ratio of 28.04, a P/E/G ratio of 3.14 and a beta of 0.72. Expeditors International of Washington has a 12 month low of $51.57 and a 12 month high of $66.83.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. equities analysts predict that Expeditors International of Washington will post 2.41 EPS for the current fiscal year.

In other news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.78% of the company’s stock.

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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.

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

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