Underhill Investment Management Exits Position in Expeditors International of Washington (EXPD)

Expeditors International of Washington (EXPD) : Underhill Investment Management has sold out all of its stake in Expeditors International of Washington during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 254,550 shares of Expeditors International of Washington which is valued at $12,714,773.

Other Hedge Funds, Including , North Point Portfolio Managers Corpoh reduced its stake in EXPD by selling 663 shares or 10.76% in the most recent quarter. The Hedge Fund company now holds 5,501 shares of EXPD which is valued at $274,775. Expeditors International of Washington makes up approx 0.05% of North Point Portfolio Managers Corpoh’s portfolio.Jnba Financial Advisors reduced its stake in EXPD by selling 250 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 3,750 shares of EXPD which is valued at $188,100. Expeditors International of Washington makes up approx 0.05% of Jnba Financial Advisors’s portfolio.Northwest Investment Counselors boosted its stake in EXPD in the latest quarter, The investment management firm added 699 additional shares and now holds a total of 10,778 shares of Expeditors International of Washington which is valued at $540,624. Expeditors International of Washington makes up approx 0.29% of Northwest Investment Counselors’s portfolio. Alta Capital Management sold out all of its stake in EXPD during the most recent quarter. The investment firm sold 5,028 shares of EXPD which is valued $252,204.Nisa Investment Advisors boosted its stake in EXPD in the latest quarter, The investment management firm added 22,663 additional shares and now holds a total of 62,055 shares of Expeditors International of Washington which is valued at $3,107,714. Expeditors International of Washington makes up approx 0.04% of Nisa Investment Advisors’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.

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