Expeditors International of Washington (EXPD) : Cwm scooped up 66,816 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 17, 2016. The investment management firm now holds a total of 331,294 shares of Expeditors International of Washington which is valued at $16,895,994.Expeditors International of Washington makes up approximately 1.21% of Cwm’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in EXPD by selling 26 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 2,581 shares of EXPD which is valued at $131,992. Cutler Group Lp sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 62 shares of EXPD which is valued $3,192.Exxonmobil Investment Management Inc Tx reduced its stake in EXPD by selling 897 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 46,229 shares of EXPD which is valued at $2,382,180. Expeditors International of Washington makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EXPD by selling 11,257 shares or 21.31% in the most recent quarter. The Hedge Fund company now holds 41,573 shares of EXPD which is valued at $2,157,639. Expeditors International of Washington makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Expeditors International of Washington opened for trading at $51.23 and hit $51.41 on the upside on Friday, eventually ending the session at $51, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 9,15,620 shares. Company has a market cap of $9,234 M.
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 Companys 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.