Benedict Financial Advisors Inc. Cuts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Benedict Financial Advisors Inc. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,430 shares of the transportation company’s stock after selling 327 shares during the period. Benedict Financial Advisors Inc.’s holdings in Expeditors International of Washington were worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the second quarter worth $35,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth $52,000. Finally, ORG Partners LLC lifted its holdings in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Benchmark restated 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 dropped their price target for the stock from $112.00 to $106.00 in a research note on Monday, October 14th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.26 during trading hours on Friday, reaching $119.84. The company’s stock had a trading volume of 601,556 shares, compared to its average volume of 1,207,679. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 5.51 and a beta of 0.97. The company’s 50-day moving average is $122.86 and its two-hundred day moving average is $121.08. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.30 EPS. Equities analysts forecast 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.