November 28, 2016 - By Marguerite Chambers · 0 Comments
Expeditors International Of Washington Inc (NASDAQ:EXPD) institutional sentiment decreased to 0.78 in Q2 2016. Its down -0.22, from 1 in 2016Q1. The ratio dived, as 214 hedge funds opened new or increased equity positions, while 213 reduced and sold equity positions in Expeditors International Of Washington Inc. The hedge funds in our partner’s database now own: 164.14 million shares, down from 168.07 million shares in 2016Q1. Also, the number of hedge funds holding Expeditors International Of Washington Inc in their top 10 equity positions increased from 8 to 9 for an increase of 1. Sold All: 43 Reduced: 170 Increased: 177 New Position: 37.
Expeditors International of Washington, Inc. is a logistics company. The company has a market cap of $9.64 billion. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. It has a 22.47 P/E ratio. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
The stock increased 0.61% or $0.32 on November 25, hitting $53.11. Expeditors International of Washington (NASDAQ:EXPD) has risen 8.59% since April 25, 2016 and is uptrending. It has outperformed by 2.57% the S&P500.
Analysts await Expeditors International of Washington (NASDAQ:EXPD) to report earnings on February, 28. They expect $0.60 earnings per share, down 1.64% or $0.01 from last year’s $0.61 per share. EXPD’s profit will be $108.91 million for 22.13 P/E if the $0.60 EPS becomes a reality. After $0.59 actual earnings per share reported by Expeditors International of Washington for the previous quarter, Wall Street now forecasts 1.69% EPS growth.
According to Zacks Investment Research, “Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The company’s services include the consolidation or forwarding of air and ocean freight. In each U.S. office, and in many overseas offices, the company acts as a customs broker. The company also provides additional services including distribution management, vendor consolidation, cargo insurance, and purchase order management.”
Mcdonald Capital Investors Inc Ca holds 9.25% of its portfolio in Expeditors International of Washington for 1.85 million shares. Tensile Capital Management Llc owns 765,015 shares or 9.12% of their US portfolio. Moreover, St. James Investment Company Llc has 5.68% invested in the company for 914,102 shares. The -based Marshfield Associates has invested 5.17% in the stock. International Value Advisers Llc, a New York-based fund reported 3.10 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 selling transactions for $5.66 million net activity.
Ratings analysis reveals 25% of Expeditors International of Washington’s analysts are positive. Out of 12 Wall Street analysts rating Expeditors International of Washington, 3 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $42 while the high is $58. The stock’s average target of $49.78 is -6.27% below today’s ($53.11) share price. EXPD was included in 23 notes of analysts from August 11, 2015. BB&T Capital downgraded the stock to “Hold” rating in Thursday, April 21 report. Stifel Nicolaus upgraded Expeditors International of Washington (NASDAQ:EXPD) rating on Tuesday, August 25. Stifel Nicolaus has “Hold” rating and $56.0 price target. The rating was downgraded by Zacks on Monday, August 31 to “Buy”. As per Friday, October 9, the company rating was initiated by UBS. The firm has “Market Perform” rating by Cowen & Co given on Friday, March 18. Macquarie Research maintained Expeditors International of Washington (NASDAQ:EXPD) rating on Wednesday, November 4. Macquarie Research has “Neutral” rating and $52 price target. The firm earned “Hold” rating on Wednesday, August 19 by Evercore. The stock of Expeditors International of Washington (NASDAQ:EXPD) has “Neutral” rating given on Tuesday, December 15 by Buckingham Research. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, August 4 report. Buckingham Research downgraded the shares of EXPD in a report on Wednesday, November 4 to “Neutral” rating.
Expeditors International of Washington, Inc., incorporated on May 29, 1979, is a logistics company. The Firm is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Firm provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. In addition, the Company’s Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Company’s primary services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Firm is managed along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India.
More recent Expeditors International of Washington (NASDAQ:EXPD) news were published by: Forbes.com which released: “Relative Strength Alert For Expeditors International of Washington” on October 18, 2016. Also Forbes.com published the news titled: “Expeditors International of Washington Reaches Analyst Target Price” on October 31, 2016. Forbes.com‘s news article titled: “Carmax Becomes #11 Most Shorted S&P 500 Component, Replacing Expeditors …” with publication date: August 10, 2016 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marguerite Chambers