Louisiana State Employees Retirement System Purchases Shares of 6,800 Expeditors International of Washington, Inc. $EXPD

Louisiana State Employees Retirement System purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,800 shares of the transportation company’s stock, valued at approximately $974,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $30,000. Bard Associates Inc. bought a new position in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Community Bank N.A. bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $34,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 0.1%

EXPD stock opened at $167.43 on Monday. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The business has a 50 day moving average price of $158.65 and a two-hundred day moving average price of $153.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period in the prior year, the firm posted $1.47 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays boosted their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $140.44.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.