Peoples Financial Services CORP. Sells 2,250 Shares of Expeditors International of Washington (EXPD)

Peoples Financial Services CORP. lowered its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,470 shares of the transportation company’s stock after selling 2,250 shares during the period. Peoples Financial Services CORP.’s holdings in Expeditors International of Washington were worth $1,873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in Expeditors International of Washington in the second quarter worth about $113,000. Meeder Asset Management Inc. bought a new position in Expeditors International of Washington in the second quarter worth about $116,000. Fort L.P. bought a new position in Expeditors International of Washington in the second quarter worth about $118,000. Parallel Advisors LLC lifted its holdings in Expeditors International of Washington by 70.7% in the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after acquiring an additional 966 shares during the last quarter. Finally, Merriman Wealth Management LLC bought a new position in Expeditors International of Washington in the second quarter worth about $205,000. 92.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Friday. Deutsche Bank set a $72.00 target price on shares of Expeditors International of Washington and gave the stock a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Credit Suisse Group cut their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a report on Wednesday, August 8th. Finally, Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.50.

Shares of EXPD traded up $0.58 during mid-day trading on Friday, reaching $67.06. 132,767 shares of the company’s stock traded hands, compared to its average volume of 1,218,123. The stock has a market cap of $12.82 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.92 and a beta of 0.66. Expeditors International of Washington has a 12 month low of $56.44 and a 12 month high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. On average, equities analysts forecast that Expeditors International of Washington will post 3.15 earnings per share for the current fiscal year.

About Expeditors International of Washington

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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