Castleview Partners LLC Acquires 134 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Castleview Partners LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,584 shares of the transportation company’s stock after buying an additional 134 shares during the quarter. Castleview Partners LLC’s holdings in Expeditors International of Washington were worth $471,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EXPD. Boston Partners boosted its holdings in Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after acquiring an additional 67,800 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares during the period. Marshfield Associates boosted its stake in shares of Expeditors International of Washington by 0.3% during the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock valued at $226,013,000 after purchasing an additional 5,712 shares during the period. ProShare Advisors LLC increased its stake in shares of Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after buying an additional 227,671 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Expeditors International of Washington by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after buying an additional 85,393 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.5 %

Shares of EXPD stock traded down $0.59 during midday trading on Monday, reaching $119.91. 125,351 shares of the stock were exchanged, compared to its average volume of 1,209,951. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.59. The firm has a market cap of $16.94 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97. The company’s 50 day moving average is $122.82 and its two-hundred day moving average is $121.02.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXPD. Bank of America raised their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen lowered Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their price target for the company from $112.00 to $106.00 in a research report on Monday, October 14th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target 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.