L. Roy Papp & Associates LLP Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

L. Roy Papp & Associates LLP trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,952 shares of the transportation company’s stock after selling 573 shares during the period. Expeditors International of Washington makes up approximately 2.6% of L. Roy Papp & Associates LLP’s holdings, making the stock its 12th biggest holding. L. Roy Papp & Associates LLP owned approximately 0.12% of Expeditors International of Washington worth $21,543,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EXPD. Swedbank AB purchased a new stake in Expeditors International of Washington during the 1st quarter valued at $2,954,000. Banco Santander S.A. raised its holdings in Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after buying an additional 52,603 shares during the period. Magnetar Financial LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at $1,305,000. Assenagon Asset Management S.A. grew its position in Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after acquiring an additional 70,329 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Expeditors International of Washington by 8.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company’s stock valued at $13,326,000 after acquiring an additional 8,917 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock traded up $0.26 during trading on Friday, reaching $119.84. 601,556 shares of the company traded hands, compared to its average volume of 1,039,878. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.59. The business has a 50 day simple moving average of $122.86 and a 200 day simple moving average of $121.08. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share 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 company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $1.30 EPS. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPD. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America upped their price objective on 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. TD Cowen downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price objective for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $115.33.

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.