California State Teachers Retirement System Sells 75,879 Shares of Expeditors International of Washington, Inc. $EXPD

California State Teachers Retirement System lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,432 shares of the transportation company's stock after selling 75,879 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Expeditors International of Washington worth $40,489,447 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Expeditors International of Washington during the 2nd quarter worth $2,193,093,000. Norges Bank acquired a new position in Expeditors International of Washington during the fourth quarter worth about $180,719,000. Caisse de depot et placement du Quebec purchased a new position in shares of Expeditors International of Washington during the second quarter worth $169,665,000. Legal & General Group Plc purchased a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $125,395,000. Finally, Bank of New York Mellon Corp purchased a new position in Expeditors International of Washington during the second quarter worth about $108,099,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on EXPD. UBS Group upped their price objective on Expeditors International of Washington from $191.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Barclays increased their target price on Expeditors International of Washington from $150.00 to $160.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 5th. TD Cowen upped their price objective on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 target price on the stock in a research report on Wednesday, August 5th. Finally, Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average target price of $168.78.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $0.88 during trading hours on Tuesday, hitting $194.49. The company's stock had a trading volume of 301,267 shares, compared to its average volume of 1,277,101. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $194.52. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 5.00 and a beta of 1.06. The firm has a fifty day moving average of $181.36 and a 200-day moving average of $162.66.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the previous year, the business posted $1.34 EPS. The business's quarterly revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers' import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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