State of New Jersey Common Pension Fund D Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of New Jersey Common Pension Fund D decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,808 shares of the transportation company’s stock after selling 3,319 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Expeditors International of Washington were worth $10,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. CVA Family Office LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $35,000. BKM Wealth Management LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $37,000. Planned Solutions Inc. purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $37,000. Fortitude Family Office LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Up 0.3 %

Shares of EXPD traded up $0.32 during mid-day trading on Thursday, reaching $113.19. The company’s stock had a trading volume of 1,619,128 shares, compared to its average volume of 1,184,913. The stock has a market cap of $16.06 billion, a PE ratio of 22.58, a P/E/G ratio of 8.35 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52 week low of $106.43 and a 52 week high of $131.17. The company’s fifty day moving average price is $119.04 and its two-hundred day moving average price is $120.57.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was down 33.8% compared to the same quarter last year. Research analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on EXPD. JPMorgan Chase & Co. boosted their price target on shares of 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. Bank of America began coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target for the company. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Finally, Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $108.63.

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.