State Board of Administration of Florida Retirement System decreased its position in Expeditors International of Washington (NASDAQ:EXPD) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,261 shares of the transportation company’s stock after selling 4,929 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Expeditors International of Washington were worth $20,414,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its holdings in Expeditors International of Washington by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 15,626,749 shares of the transportation company’s stock valued at $989,173,000 after acquiring an additional 64,424 shares in the last quarter. Fiduciary Management Inc. WI raised its holdings in Expeditors International of Washington by 25.6% in the first quarter. Fiduciary Management Inc. WI now owns 7,104,963 shares of the transportation company’s stock valued at $449,744,000 after acquiring an additional 1,448,170 shares in the last quarter. Select Equity Group L.P. raised its holdings in Expeditors International of Washington by 41.6% in the first quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock valued at $276,555,000 after acquiring an additional 1,283,685 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Expeditors International of Washington by 70.3% in the second quarter. Wells Fargo & Company MN now owns 2,164,146 shares of the transportation company’s stock valued at $158,200,000 after acquiring an additional 893,722 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Expeditors International of Washington by 6,335.0% in the first quarter. Summit Trail Advisors LLC now owns 1,840,990 shares of the transportation company’s stock valued at $1,841,000 after acquiring an additional 1,812,381 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

EXPD stock opened at $74.01 on Friday. Expeditors International of Washington has a twelve month low of $54.69 and a twelve month high of $78.16. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.89 and a beta of 0.70.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. sell-side analysts expect that Expeditors International of Washington will post 3.16 EPS for the current year.

EXPD has been the topic of several analyst reports. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, April 24th. ValuEngine raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Cowen raised their price objective on shares of Expeditors International of Washington from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, May 9th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $65.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, May 9th. Finally, Credit Suisse Group raised their price objective on shares of Expeditors International of Washington from $63.00 to $67.00 and gave the stock an “underperform” rating in a report on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $67.00.

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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