Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teachers Retirement System of The State of Kentucky cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,028 shares of the transportation company’s stock after selling 942 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Expeditors International of Washington were worth $1,449,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after buying an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $4,363,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock worth $3,439,000 after buying an additional 10,202 shares during the last quarter. Vest Financial LLC boosted its stake in Expeditors International of Washington by 34.3% during the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company’s stock worth $49,674,000 after buying an additional 101,710 shares during the period. Finally, Plato Investment Management Ltd increased its position in Expeditors International of Washington by 70.6% during the second quarter. Plato Investment Management Ltd now owns 16,455 shares of the transportation company’s stock valued at $2,053,000 after acquiring an additional 6,807 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Stock Down 1.6 %

EXPD opened at $115.92 on Wednesday. The stock’s fifty day moving average is $120.29 and its two-hundred day moving average is $122.11. The company has a market capitalization of $16.23 billion, a P/E ratio of 22.60, a PEG ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is presently 28.46%.

Expeditors International of Washington 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.