Chicago Equity Partners LLC Cuts Position in Expeditors International of Washington (NASDAQ:EXPD)

Chicago Equity Partners LLC lowered its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 83.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,775 shares of the transportation company’s stock after selling 106,045 shares during the period. Chicago Equity Partners LLC’s holdings in Expeditors International of Washington were worth $1,652,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of EXPD. Geode Capital Management LLC grew its holdings in Expeditors International of Washington by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock worth $178,482,000 after purchasing an additional 113,850 shares during the period. Millennium Management LLC acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $660,000. Virtu Financial LLC acquired a new position in shares of Expeditors International of Washington during the first quarter worth $357,000. Conning Inc. acquired a new position in shares of Expeditors International of Washington during the first quarter worth $205,000. Finally, Merriman Wealth Management LLC acquired a new stake in Expeditors International of Washington in the first quarter valued at $220,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

In other news, insider Eugene K. Alger sold 39,000 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $71.24, for a total transaction of $2,778,360.00. Following the completion of the transaction, the insider now directly owns 48,787 shares of the company’s stock, valued at approximately $3,475,585.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sidney E. Harris sold 1,860 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total transaction of $250,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 76,860 shares of company stock worth $5,586,330 in the last three months. Insiders own 1.20% of the company’s stock.

Shares of EXPD opened at $76.22 on Friday. The firm’s 50-day moving average price is $72.35 and its 200-day moving average price is $74.57. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 21.90 and a beta of 0.96. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.15.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.08. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. On average, research analysts forecast that Expeditors International of Washington will post 3.53 EPS for the current fiscal year.

EXPD has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price target on the stock. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Friday, May 17th. Loop Capital started coverage on shares of Expeditors International of Washington in a research note on Thursday, May 30th. They set a “hold” rating and a $78.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $73.13.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

Read More: Is a Roth IRA right for you?

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.