Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,998 shares of the transportation company’s stock after selling 741 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Expeditors International of Washington were worth $1,372,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXPD. Boston Partners increased its holdings in shares of Expeditors International of Washington by 2.4% in the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Expeditors International of Washington by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after acquiring an additional 8,282 shares in the last quarter. Wellington Management Group LLP raised its stake in Expeditors International of Washington by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. raised its stake in Expeditors International of Washington by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after buying an additional 20,272 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. Bank of America raised their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Stifel Nicolaus raised their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Tuesday, May 14th. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Stock Up 1.0 %

Shares of Expeditors International of Washington stock traded up $1.24 during trading on Friday, hitting $123.41. 1,112,325 shares of the company were exchanged, compared to its average volume of 1,260,694. The firm has a 50 day moving average price of $122.11 and a 200 day moving average price of $120.32. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

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.