The Westpac Banking Corp Has $581,000 Stake in Expeditors International of Washington, Inc. (EXPD)

The Westpac Banking Corp Has $581,000 Stake in Expeditors International of Washington, Inc. (EXPD)

Westpac Banking Corp held its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the third quarter, Holdings Channel reports. The institutional investor owned 11,276 shares of the company’s stock at the end of the third quarter. Westpac Banking Corp’s holdings in Expeditors International of Washington were worth $581,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EXPD. Vanguard Group Inc. boosted its position in Expeditors International of Washington by 2.2% in the second quarter. Vanguard Group Inc. now owns 17,644,218 shares of the company’s stock worth $865,272,000 after buying an additional 386,771 shares during the period. Loomis Sayles & Co. L P raised its position in Expeditors International of Washington by 6.1% in the second quarter. Loomis Sayles & Co. L P now owns 12,774,353 shares of the company’s stock valued at $626,454,000 after buying an additional 729,235 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Expeditors International of Washington by 4.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,236,445 shares of the company’s stock valued at $269,782,000 after buying an additional 218,964 shares during the last quarter. BlackRock Fund Advisors raised its position in Expeditors International of Washington by 5.4% in the third quarter. BlackRock Fund Advisors now owns 4,855,889 shares of the company’s stock valued at $250,175,000 after buying an additional 249,801 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in Expeditors International of Washington by 22.5% in the second quarter. Janus Capital Management LLC now owns 3,556,739 shares of the company’s stock valued at $174,422,000 after buying an additional 653,220 shares during the last quarter. 89.34% of the stock is owned by institutional investors.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) traded up 0.75% during midday trading on Wednesday, reaching $53.72. The company’s stock had a trading volume of 1,695,210 shares. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 22.75 and a beta of 0.68. The stock’s 50-day moving average price is $53.91 and its 200-day moving average price is $51.59. Expeditors International of Washington, Inc. has a 12 month low of $42.96 and a 12 month high of $56.37.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post $2.35 EPS for the current year.

Several equities analysts recently commented on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Friday, December 2nd. Barclays PLC reiterated a “buy” rating on shares of Expeditors International of Washington in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $52.71.

In other news, Director Michael J. Malone sold 32,000 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $51.13, for a total transaction of $1,636,160.00. Following the completion of the sale, the director now directly owns 86,771 shares of the company’s stock, valued at approximately $4,436,601.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Malone sold 51,559 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.63, for a total value of $2,661,991.17. Following the sale, the director now directly owns 133,074 shares of the company’s stock, valued at $6,870,610.62. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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