Teacher Retirement System of Texas Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teacher Retirement System of Texas decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent filing with the 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 approximately 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 modified their holdings of EXPD. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth $25,000. SRS Capital Advisors Inc. grew its position in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington during the 1st quarter worth $26,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington during the 1st quarter worth $37,000. Finally, Colonial Trust Co SC grew its position in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $0.78 during midday trading on Friday, reaching $118.30. The company's stock had a trading volume of 616,682 shares, compared to its average volume of 1,248,689. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 5.00 and a beta of 1.07. The firm has a 50 day moving average price of $113.35 and a two-hundred day moving average price of $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.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.77 per share. 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 of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is 25.58%.

Analyst Ratings Changes

EXPD has been the topic of several recent research reports. UBS Group cut their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Finally, TD Cowen cut 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. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $114.22.

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.