Expeditors International of Washington, Inc. $EXPD Stock Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,539 shares of the transportation company’s stock after selling 4,226 shares during the quarter. Yousif Capital Management LLC’s holdings in Expeditors International of Washington were worth $11,363,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXPD. BlackRock Inc. bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $2,193,093,000. State Street Corp grew its position in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after buying an additional 109,798 shares during the period. Bank of America Corp DE grew its position 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 worth $421,456,000 after buying an additional 21,400 shares during the period. Baird Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock valued at $365,021,000 after acquiring an additional 57,823 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Expeditors International of Washington by 10.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock valued at $351,273,000 after acquiring an additional 195,351 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD stock opened at $196.38 on Friday. The stock’s 50 day simple moving average is $190.66 and its 200 day simple moving average is $172.28. Expeditors International of Washington, Inc. has a fifty-two week low of $117.45 and a fifty-two week high of $200.66. The company has a market cap of $25.53 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. During the same period last year, the company earned $1.34 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EXPD shares. BNP Paribas Exane began coverage on shares of Expeditors International of Washington in a research report on Wednesday, September 30th. They set a “neutral” rating and a $180.00 target price on the stock. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Bank of America raised their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays raised their price target on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, September 29th. Finally, UBS Group lifted their price target on shares of Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.27.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.