New York State Teachers Retirement System Has $11.26 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Teachers Retirement System lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,606 shares of the transportation company's stock after selling 8,539 shares during the period. New York State Teachers Retirement System owned 0.07% of Expeditors International of Washington worth $11,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Expeditors International of Washington by 0.6% in the first quarter. Amalgamated Bank now owns 27,550 shares of the transportation company's stock valued at $3,313,000 after acquiring an additional 157 shares during the last quarter. KBC Group NV raised its stake in shares of Expeditors International of Washington by 60.1% in the first quarter. KBC Group NV now owns 543,955 shares of the transportation company's stock valued at $65,411,000 after acquiring an additional 204,250 shares during the last quarter. Sovran Advisors LLC raised its stake in shares of Expeditors International of Washington by 55.4% in the first quarter. Sovran Advisors LLC now owns 7,756 shares of the transportation company's stock valued at $933,000 after acquiring an additional 2,765 shares during the last quarter. 3Chopt Investment Partners LLC raised its stake in shares of Expeditors International of Washington by 2.1% in the first quarter. 3Chopt Investment Partners LLC now owns 12,308 shares of the transportation company's stock valued at $1,480,000 after acquiring an additional 250 shares during the last quarter. Finally, Diversified Trust Co raised its stake in shares of Expeditors International of Washington by 1.7% in the first quarter. Diversified Trust Co now owns 10,635 shares of the transportation company's stock valued at $1,279,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXPD. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday. UBS Group lowered their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. TD Cowen lowered their price target on shares of 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. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday. They issued a "neutral" rating and a $124.00 price target for the company. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Performance

EXPD traded down $0.78 during trading on Friday, reaching $118.30. 616,682 shares of the company's stock were exchanged, compared to its average volume of 1,248,689. The company's fifty day moving average price is $113.35 and its 200-day moving average price is $113.30. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market capitalization of $16.20 billion, a PE ratio of 20.68, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is currently 25.58%.

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.