Marble Harbor Investment Counsel LLC Has $4.45 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marble Harbor Investment Counsel LLC cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the second quarter, Holdings Channel reports. The firm owned 35,675 shares of the transportation company’s stock after selling 300 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $4,452,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EXPD. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares during the last quarter. Norges Bank bought a new stake in Expeditors International of Washington in the fourth quarter worth $74,763,000. TD Asset Management Inc increased its position in Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after buying an additional 296,186 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Expeditors International of Washington during the first quarter worth $23,178,000. Finally, UBS Group AG raised its holdings in Expeditors International of Washington by 66.7% during the fourth quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after buying an additional 175,111 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.2 %

Shares of NASDAQ EXPD opened at $120.78 on Monday. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17. The business has a fifty day simple moving average of $121.70 and a 200 day simple moving average of $120.38.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the topic of a number of analyst reports. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $116.00.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.