Retirement Systems of Alabama Has $3.62 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Retirement Systems of Alabama lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 30,080 shares of the transportation company’s stock after selling 226 shares during the quarter. Retirement Systems of Alabama’s holdings in Expeditors International of Washington were worth $3,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. Concurrent Investment Advisors LLC lifted its position in shares of Expeditors International of Washington by 5.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 2,951 shares of the transportation company’s stock worth $327,000 after buying an additional 148 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Expeditors International of Washington by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after purchasing an additional 53,738 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Expeditors International of Washington by 42.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 136,604 shares of the transportation company’s stock worth $15,132,000 after purchasing an additional 40,381 shares during the period. SRN Advisors LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $922,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $13,008,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 1.6%

Shares of EXPD opened at $112.37 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 5.00 and a beta of 1.07. The stock’s 50-day moving average price is $112.06 and its 200 day moving average price is $113.42.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.77 per share. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington’s payout ratio is currently 25.58%.

Analysts Set New Price Targets

A number of research firms have recently commented on EXPD. Susquehanna lifted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Barclays dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.89.

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.