Bristlecone Advisors buys $1,611,933 stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Bristlecone Advisors scooped up 1,580 additional shares in Expeditors International of Washington during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 31,520 shares of Expeditors International of Washington which is valued at $1,611,933.Expeditors International of Washington makes up approximately 0.59% of Bristlecone Advisors’s portfolio.

Other Hedge Funds, Including , Canandaigua National Bank Trust Co boosted its stake in EXPD in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 6,707 shares of Expeditors International of Washington which is valued at $342,996. Expeditors International of Washington makes up approx 0.10% of Canandaigua National Bank Trust Co’s portfolio.Raymond James Trust N.a. boosted its stake in EXPD in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 4,674 shares of Expeditors International of Washington which is valued at $240,664. Expeditors International of Washington makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Eqis Capital Management added EXPD to its portfolio by purchasing 5,599 company shares during the most recent quarter which is valued at $290,588. Expeditors International of Washington makes up approx 0.02% of Eqis Capital Management’s portfolio.Washington Trust Bank reduced its stake in EXPD by selling 25 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 1,698 shares of EXPD which is valued at $88,126. Expeditors International of Washington makes up approx 0.02% of Washington Trust Bank’s portfolio.

Expeditors International of Washington closed down -0.35 points or -0.68% at $51.14 with 8,48,169 shares getting traded on Tuesday. Post opening the session at $51.45, the shares hit an intraday low of $51.04 and an intraday high of $51.53 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Expeditors International of Washington reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $1475.20 million for the quarter, compared to analysts expectations of $1531.36 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Expeditors International of Washington. Expeditors International of Washington was Downgraded by Stifel to ” Hold” on Aug 4, 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.

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