New York State Common Retirement Fund Sells 20,710 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Common Retirement Fund decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,026 shares of the transportation company's stock after selling 20,710 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of Expeditors International of Washington worth $31,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in Expeditors International of Washington by 13.8% in the 3rd quarter. Global Retirement Partners LLC now owns 858 shares of the transportation company's stock worth $99,000 after purchasing an additional 104 shares during the period. UMB Bank n.a. boosted its stake in Expeditors International of Washington by 3.0% in the 3rd quarter. UMB Bank n.a. now owns 4,266 shares of the transportation company's stock worth $489,000 after purchasing an additional 125 shares during the period. Oak Thistle LLC acquired a new position in Expeditors International of Washington in the 3rd quarter worth $449,000. Czech National Bank boosted its stake in Expeditors International of Washington by 42.8% in the 3rd quarter. Czech National Bank now owns 25,850 shares of the transportation company's stock worth $2,963,000 after purchasing an additional 7,750 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Expeditors International of Washington by 6.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 67,479 shares of the transportation company's stock worth $7,735,000 after purchasing an additional 4,288 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXPD. Bank of America began coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a "neutral" rating and a $126.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 9th. BNP Paribas downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 price objective for the company. in a research note on Thursday, January 11th. Finally, Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $108.63.

Expeditors International of Washington Stock Up 0.2 %

Shares of EXPD stock traded up $0.17 on Friday, reaching $113.32. The stock had a trading volume of 1,051,189 shares, compared to its average volume of 1,183,262. The firm's 50-day moving average is $118.56 and its two-hundred day moving average is $120.50. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 8.34 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm's revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares of the company's stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is owned by insiders.

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.