North Point Portfolio Managers Corpoh Lowers stake in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : North Point Portfolio Managers Corpoh reduced its stake in Expeditors International of Washington by 10.76% during the most recent quarter end. The investment management company now holds a total of 5,501 shares of Expeditors International of Washington which is valued at $274,775 after selling 663 shares in Expeditors International of Washington , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Expeditors International of Washington makes up approximately 0.05% of North Point Portfolio Managers Corpoh’s portfolio.

Other Hedge Funds, Including , Jensen Investment Management Inc reduced its stake in EXPD by selling 60 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 8,540 shares of EXPD which is valued at $426,573. Expeditors International of Washington makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.Hartford Investment Management Co reduced its stake in EXPD by selling 673 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 45,265 shares of EXPD which is valued at $2,270,492. Expeditors International of Washington makes up approx 0.05% of Hartford Investment Management Co’s portfolio.Rockefeller Financial Services Inc reduced its stake in EXPD by selling 1,503 shares or 22.32% in the most recent quarter. The Hedge Fund company now holds 5,230 shares of EXPD which is valued at $262,337. Expeditors International of Washington makes up approx 0.01% of Rockefeller Financial Services Inc’s portfolio. Dearborn Partners added EXPD to its portfolio by purchasing 4,161 company shares during the most recent quarter which is valued at $207,259. Expeditors International of Washington makes up approx 0.02% of Dearborn Partners’s portfolio.Curian Capital reduced its stake in EXPD by selling 17,830 shares or 65.98% in the most recent quarter. The Hedge Fund company now holds 9,192 shares of EXPD which is valued at $458,865. Expeditors International of Washington makes up approx 0.03% of Curian Capital’s portfolio.

Expeditors International of Washington closed down -0.72 points or -1.44% at $49.43 with 23,55,289 shares getting traded on Friday. Post opening the session at $49.72, the shares hit an intraday low of $48.89 and an intraday high of $49.95 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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 *