Cape Ann Savings Bank Lowers stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Cape Ann Savings Bank reduced its stake in Expeditors International of Washington by 15.41% during the most recent quarter end. The investment management company now holds a total of 8,370 shares of Expeditors International of Washington which is valued at $416,910 after selling 1,525 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Expeditors International of Washington makes up approximately 0.55% of Cape Ann Savings Bank’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in EXPD in the latest quarter, The investment management firm added 39,645 additional shares and now holds a total of 39,698 shares of Expeditors International of Washington which is valued at $1,977,357. Expeditors International of Washington makes up approx 0.01% of Acadian Asset Management’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in EXPD by selling 43,780 shares or 74.73% in the most recent quarter. The Hedge Fund company now holds 14,808 shares of EXPD which is valued at $742,769. Expeditors International of Washington makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.

Expeditors International of Washington closed down -0.19 points or -0.38% at $49.81 with 8,40,770 shares getting traded on Wednesday. Post opening the session at $50.13, the shares hit an intraday low of $49.81 and an intraday high of $50.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Expeditors International of Washington reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.60. The company had revenue of $1596.20 million for the quarter, compared to analysts expectations of $1702.99 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Expeditors International of Washington. Expeditors International of Washington was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 21, 2016.

Expeditors International of Washington Inc. is engaged in the business of providing global logistics services. The Company’s services include air and ocean freight transportation and customs brokerage. The Company also provides additional services including order management time-definite transportation warehousing and distribution cargo insurance and logistics solutions. The Company operates in Americas including the United States Other North America and Latin America; Asia Pacific; Europe and Middle East Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline which carries the shipment. The Company operates Expeditors International Ocean Inc. (EIO) an Ocean Transportation Intermediary also known as Non-Vessel Operating Common Carrier (NVOCC) which specializes in ocean freight services in trade lanes across the world.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *