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

California State Teachers Retirement System grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 334,784 shares of the transportation company's stock after purchasing an additional 54,564 shares during the quarter. California State Teachers Retirement System owned approximately 0.24% of Expeditors International of Washington worth $37,084,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. NDVR Inc. lifted its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after purchasing an additional 99 shares during the period. Azimuth Capital Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after purchasing an additional 100 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares during the period. Finally, OLD National Bancorp IN lifted its stake in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXPD. Truist Financial reduced their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Barclays dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Finally, Susquehanna upped their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded down $0.58 during trading hours on Friday, hitting $112.69. The company had a trading volume of 2,573,305 shares, compared to its average volume of 1,277,689. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 5.00 and a beta of 1.09. The firm's 50 day moving average is $111.69 and its 200 day moving average is $114.30.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.77 dividend. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Expeditors International of Washington Company 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.