Public Employees Retirement Association of Colorado Trims Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Public Employees Retirement Association of Colorado cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,422 shares of the transportation company’s stock after selling 1,619 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Expeditors International of Washington were worth $1,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $25,000. Optiver Holding B.V. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $27,000. ORG Partners LLC grew its holdings in 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 buying an additional 376 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $55,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Expeditors International of Washington during the 1st quarter valued at $78,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $124.47 on Tuesday. The business has a 50-day moving average of $122.58 and a 200-day moving average of $121.21. The company has a market capitalization of $17.58 billion, a PE ratio of 26.31, a P/E/G ratio of 5.29 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

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. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s revenue was down 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. On average, equities 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 company also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.73 dividend. This represents a yield of 1.2%. 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. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXPD. Robert W. Baird increased 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. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus increased their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.