Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.0% during the second quarter, HoldingsChannel.com reports. The fund owned 14,347 shares of the transportation company’s stock after selling 1,075 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Expeditors International of Washington were worth $1,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPD. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $25,000. Optiver Holding B.V. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the second quarter worth approximately $35,000. Finally, ORG Partners LLC raised its holdings in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 1.9 %

EXPD stock opened at $125.49 on Tuesday. The firm has a 50 day moving average of $122.13 and a two-hundred day moving average of $120.52. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXPD. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Robert W. Baird lifted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Bank of America lifted their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.00.

About Expeditors International of Washington

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.