Clifford Swan Investment Counsel LLC Cuts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Clifford Swan Investment Counsel LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 74,841 shares of the transportation company’s stock after selling 4,111 shares during the period. Clifford Swan Investment Counsel LLC owned about 0.06% of Expeditors International of Washington worth $12,198,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EXPD. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at $30,000. Hara Capital LLC purchased a new stake in Expeditors International of Washington in the second quarter worth $33,000. Finally, Bard Associates Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth $32,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXPD shares. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Bank of America boosted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. UBS Group upped their price objective on shares of Expeditors International of Washington from $191.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $168.78.

Expeditors International of Washington Stock Down 0.6%

Expeditors International of Washington stock opened at $189.74 on Tuesday. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50-day simple moving average of $176.30 and a 200 day simple moving average of $159.83. Expeditors International of Washington, Inc. has a 52 week low of $112.94 and a 52 week high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.