New York State Common Retirement Fund Trims Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Common Retirement Fund cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 244,026 shares of the transportation company’s stock after selling 20,710 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of Expeditors International of Washington worth $31,040,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EXPD. Global Retirement Partners LLC increased its stake in Expeditors International of Washington by 13.8% in the third quarter. Global Retirement Partners LLC now owns 858 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 104 shares during the period. UMB Bank n.a. increased its stake in Expeditors International of Washington by 3.0% in the third quarter. UMB Bank n.a. now owns 4,266 shares of the transportation company’s stock valued at $489,000 after purchasing an additional 125 shares during the period. Oak Thistle LLC acquired a new position in Expeditors International of Washington in the third quarter valued at $449,000. Czech National Bank increased its stake in Expeditors International of Washington by 42.8% in the third quarter. Czech National Bank now owns 25,850 shares of the transportation company’s stock valued at $2,963,000 after purchasing an additional 7,750 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Expeditors International of Washington by 6.8% in the third quarter. Asset Management One Co. Ltd. now owns 67,479 shares of the transportation company’s stock valued at $7,735,000 after purchasing an additional 4,288 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPD. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Thursday, January 11th. Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.63.

Expeditors International of Washington Trading Up 0.3 %

Shares of EXPD opened at $113.19 on Friday. The firm’s 50-day moving average is $118.78 and its two-hundred day moving average is $120.52. Expeditors International of Washington, Inc. has a twelve month low of $106.43 and a twelve month high of $131.17. The firm has a market capitalization of $16.06 billion, a P/E ratio of 22.57, a PEG ratio of 8.34 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

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.