Arizona State Retirement System Has $4.54 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Arizona State Retirement System grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,991 shares of the transportation company’s stock after buying an additional 523 shares during the quarter. Arizona State Retirement System’s holdings in Expeditors International of Washington were worth $4,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC raised its position in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after buying an additional 103 shares in the last quarter. Chapman Investment Management LLC raised its position in shares of Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after buying an additional 112 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after buying an additional 113 shares in the last quarter. Lindenwold Advisors INC raised its position in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after buying an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in shares of Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $126.64 on Friday. The firm’s fifty day moving average is $113.76 and its 200-day moving average is $118.37. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm has a market cap of $17.48 billion, a P/E ratio of 22.14, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Susquehanna lifted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.56.

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.