Expeditors International of Washington, Inc. (NASDAQ:EXPD) Holdings Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,936 shares of the transportation company’s stock after selling 9,097 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Expeditors International of Washington worth $9,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in EXPD. First Trust Advisors LP boosted its position in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after acquiring an additional 1,351,630 shares during the period. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $74,763,000. TD Asset Management Inc lifted its holdings in shares of Expeditors International of Washington by 51.9% in the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after buying an additional 296,186 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 8,732.2% in the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after buying an additional 222,846 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at $23,178,000. 94.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 0.2 %

EXPD stock traded up $0.29 during mid-day trading on Monday, hitting $124.47. The stock had a trading volume of 570,170 shares, compared to its average volume of 1,304,720. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The company has a fifty day moving average of $122.45 and a 200 day moving average of $121.21. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 5.29 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.73 per share. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date was Monday, June 3rd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EXPD shares. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Robert W. Baird upped their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $113.56.

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.