Summit Trail Advisors LLC Has $46.26 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Summit Trail Advisors LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 370,692 shares of the transportation company’s stock after acquiring an additional 1,066 shares during the quarter. Expeditors International of Washington makes up about 1.2% of Summit Trail Advisors LLC’s holdings, making the stock its 16th biggest holding. Summit Trail Advisors LLC owned 0.26% of Expeditors International of Washington worth $46,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Sei Investments Co. grew its stake in Expeditors International of Washington by 7.8% during the 2nd quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock valued at $5,015,000 after acquiring an additional 2,912 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Expeditors International of Washington by 5.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 143,656 shares of the transportation company’s stock valued at $17,923,000 after buying an additional 7,335 shares during the period. Canada Pension Plan Investment Board lifted its position in Expeditors International of Washington by 6.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 37,663 shares of the transportation company’s stock worth $4,700,000 after buying an additional 2,274 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 61,105 shares of the transportation company’s stock valued at $7,625,000 after buying an additional 711 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Expeditors International of Washington during the second quarter worth $2,026,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXPD. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Robert W. Baird increased their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. 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, Bank of America raised 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 report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Trading Down 1.9 %

NASDAQ:EXPD opened at $123.25 on Friday. The firm has a market capitalization of $17.41 billion, a PE ratio of 26.11, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm’s fifty day simple moving average is $122.00 and its 200 day simple moving average is $120.49.

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

Expeditors International of Washington Company Profile

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.