California State Teachers Retirement System Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

California State Teachers Retirement System raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 271,051 shares of the transportation company’s stock after acquiring an additional 7,491 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Expeditors International of Washington worth $32,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its stake in Expeditors International of Washington by 0.3% during the 1st 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 during the last quarter. Wellington Management Group LLP raised its stake in Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after acquiring an additional 115,978 shares during the last quarter. Baird Financial Group Inc. raised its stake in Expeditors International of Washington by 1.3% during the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after acquiring an additional 20,272 shares during the last quarter. First Trust Advisors LP raised its stake in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Expeditors International of Washington by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,470 shares of the transportation company’s stock worth $160,463,000 after buying an additional 72,193 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $0.15 during trading hours on Wednesday, reaching $124.81. 1,282,930 shares of the company traded hands, compared to its average volume of 1,299,119. The firm’s 50-day moving average is $122.87 and its 200-day moving average is $121.22. The stock has a market cap of $17.63 billion, a P/E ratio of 26.44, a P/E/G ratio of 5.31 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXPD shares. Stifel Nicolaus increased their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America increased their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, TD Cowen upped their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.56.

Insider Buying and Selling at Expeditors International of Washington

In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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.