California State Teachers Retirement System reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 322,734 shares of the transportation company’s stock after selling 24,164 shares during the period. California State Teachers Retirement System owned about 0.18% of Expeditors International of Washington worth $19,319,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in Expeditors International of Washington by 10,555.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after acquiring an additional 1,900 shares during the period. Mosaic Family Wealth LLC grew its stake in Expeditors International of Washington by 3.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock worth $143,000 after acquiring an additional 93 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Expeditors International of Washington by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after buying an additional 471 shares during the period. Merriman Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $208,000. Finally, Sigma Planning Corp purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $216,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at $64.67 on Wednesday. The firm has a market cap of $11,543.57, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.39 and a beta of 0.72. Expeditors International of Washington, Inc. has a 1-year low of $51.57 and a 1-year high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.72 billion. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. research analysts forecast that Expeditors International of Washington, Inc. will post 2.4 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s payout ratio is 35.15%.

Several analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Cowen boosted their price objective on shares of Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. UBS boosted their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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