Teacher Retirement System of Texas reduced its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,775 shares of the transportation company’s stock after selling 93,626 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Expeditors International of Washington worth $16,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Expeditors International of Washington by 1.2% in the first quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock valued at $1,124,681,000 after purchasing an additional 169,828 shares during the period. Geode Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after purchasing an additional 113,850 shares during the period. Northern Trust Corp increased its holdings in shares of Expeditors International of Washington by 2.1% in the first quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock valued at $172,107,000 after purchasing an additional 45,673 shares during the period. California Public Employees Retirement System increased its holdings in shares of Expeditors International of Washington by 19.3% in the first quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock valued at $91,976,000 after purchasing an additional 196,219 shares during the period. Finally, HL Financial Services LLC increased its holdings in shares of Expeditors International of Washington by 2.5% in the first quarter. HL Financial Services LLC now owns 1,176,102 shares of the transportation company’s stock valued at $89,266,000 after purchasing an additional 28,544 shares during the period. 92.98% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Loop Capital assumed coverage on Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 price objective on the stock. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $77.00 price objective on the stock in a report on Friday, August 9th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $73.00.

Expeditors International of Washington stock traded down $0.18 during midday trading on Friday, hitting $70.06. 231,243 shares of the company were exchanged, compared to its average volume of 1,064,475. The firm has a market capitalization of $12.03 billion, a PE ratio of 20.13 and a beta of 0.90. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The business has a fifty day simple moving average of $73.55 and a two-hundred day simple moving average of $74.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 2.12.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.07 billion. Expeditors International of Washington had a return on equity of 31.26% and a net margin of 7.57%. Expeditors International of Washington’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. As a group, equities analysts expect that Expeditors International of Washington will post 3.52 earnings per share for the current year.

Expeditors International of Washington Company Profile

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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