Expeditors International of Washington (NASDAQ:EXPD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in Expeditors International of Washington (NASDAQ:EXPD) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,759 shares of the transportation company’s stock after selling 5,452 shares during the period. Retirement Systems of Alabama’s holdings in Expeditors International of Washington were worth $5,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EXPD. Cornerstone Advisors Inc. increased its holdings in Expeditors International of Washington by 115.6% in the third quarter. Cornerstone Advisors Inc. now owns 345 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Whittier Trust Co. increased its stake in shares of Expeditors International of Washington by 67.3% during the 3rd quarter. Whittier Trust Co. now owns 460 shares of the transportation company’s stock worth $34,000 after purchasing an additional 185 shares in the last quarter. Finally, Lenox Wealth Management Inc. increased its stake in shares of Expeditors International of Washington by 98.9% during the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 92.52% of the company’s stock.

EXPD has been the subject of a number of recent research reports. BidaskClub cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Barclays cut shares of Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $78.00 to $72.00 in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. UBS Group set a $67.00 price objective on shares of Expeditors International of Washington and gave the stock a “sell” rating in a research note on Wednesday, August 7th. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Finally, Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.67.

Shares of EXPD opened at $77.20 on Friday. The firm has a market cap of $13.24 billion, a PE ratio of 21.42 and a beta of 0.95. The company’s fifty day moving average is $73.72 and its two-hundred day moving average is $73.87. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $81.15. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a net margin of 7.56% and a return on equity of 30.76%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington will post 3.52 earnings per share for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 39,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $71.24, for a total value of $2,778,360.00. Following the transaction, the insider now owns 48,787 shares in the company, valued at approximately $3,475,585.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sidney E. Harris sold 1,860 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total transaction of $250,170.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,860 shares of company stock worth $5,586,330. Company insiders own 1.20% of the company’s stock.

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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