Teacher Retirement System of Texas Has $21.59 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teacher Retirement System of Texas trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,546 shares of the transportation company's stock after selling 32,042 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Expeditors International of Washington worth $21,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. boosted its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $26,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $37,000. Finally, Colonial Trust Co SC boosted its holdings in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $1.14 during midday trading on Tuesday, hitting $117.31. The stock had a trading volume of 330,203 shares, compared to its average volume of 1,243,446. The company has a 50 day simple moving average of $113.50 and a two-hundred day simple moving average of $113.33. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

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

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target on the stock. TD Cowen reduced their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Finally, UBS Group cut their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $114.11.

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.