Expeditors International of Washington (EXPD) Position Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its stake in Expeditors International of Washington (NASDAQ:EXPD) by 4.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 267,834 shares of the transportation company’s stock after selling 11,427 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of Expeditors International of Washington worth $19,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $113,000. Meeder Asset Management Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $116,000. Fort L.P. acquired a new stake in Expeditors International of Washington during the 2nd quarter worth about $118,000. Parallel Advisors LLC boosted its position in Expeditors International of Washington by 70.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after acquiring an additional 966 shares during the period. Finally, MainStreet Investment Advisors LLC acquired a new stake in Expeditors International of Washington during the 3rd quarter worth about $198,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

Shares of EXPD stock opened at $71.73 on Friday. Expeditors International of Washington has a twelve month low of $58.66 and a twelve month high of $78.16. The company has a market capitalization of $12.79 billion, a P/E ratio of 28.92, a P/E/G ratio of 2.90 and a beta of 0.74.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business earned $0.66 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that Expeditors International of Washington will post 3.22 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.45 dividend. This represents a dividend yield of 1.23%. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.42. The ex-dividend date is Friday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 36.29%.

EXPD has been the subject of a number of recent research reports. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank set a $72.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Cowen reaffirmed a “market perform” rating and set a $73.00 price target (up from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Finally, Credit Suisse Group cut their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $67.50.

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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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