Capstone Investment Advisors LLC Sells 106,307 Shares of Expeditors International of Washington, Inc. $EXPD

Capstone Investment Advisors LLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 95.6% in the 2nd quarter, Holdings Channel reports. The firm owned 4,844 shares of the transportation company’s stock after selling 106,307 shares during the period. Capstone Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. BlackRock Inc. purchased a new stake in Expeditors International of Washington in the second quarter worth approximately $2,193,093,000. State Street Corp raised its stake in Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after buying an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after buying an additional 32,063 shares during the period. Bank of America Corp DE lifted its holdings in shares of Expeditors International of Washington by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after buying an additional 21,400 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $191.24 on Friday. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $112.94 and a 1 year high of $192.28. The firm has a fifty day moving average price of $175.78 and a 200-day moving average price of $159.66.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXPD. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays increased their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Bank of America boosted their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.78.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.