Ontario Teachers Pension Plan Board Has $7.72 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ontario Teachers Pension Plan Board cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 60,670 shares of the transportation company's stock after selling 15,878 shares during the period. Ontario Teachers Pension Plan Board's holdings in Expeditors International of Washington were worth $7,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Advisors Network Inc. increased its position in shares of Expeditors International of Washington by 4.9% during the fourth quarter. Financial Advisors Network Inc. now owns 28,571 shares of the transportation company's stock worth $3,634,000 after acquiring an additional 1,346 shares during the last quarter. Franklin Resources Inc. grew its stake in Expeditors International of Washington by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 289,093 shares of the transportation company's stock valued at $36,773,000 after purchasing an additional 28,808 shares in the last quarter. Quest Partners LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $1,530,000. Trexquant Investment LP acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $5,468,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Expeditors International of Washington by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 21,201 shares of the transportation company's stock valued at $2,697,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America initiated coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They issued a "neutral" rating and a $126.00 price target on the stock. Susquehanna upped their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, May 8th. TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, May 8th. BNP Paribas upgraded Expeditors International of Washington from an "underperform" rating to a "neutral" rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $111.63.

Expeditors International of Washington Stock Down 0.5 %

EXPD stock traded down $0.55 during midday trading on Wednesday, reaching $117.17. The company had a trading volume of 955,702 shares, compared to its average volume of 1,203,878. The firm has a market capitalization of $16.55 billion, a PE ratio of 24.82, a P/E/G ratio of 6.49 and a beta of 1.00. The stock has a 50 day moving average price of $117.12 and a 200 day moving average price of $120.86. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm's revenue was down 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Research analysts predict that Expeditors International of Washington, Inc. will post 4.82 EPS for the current year.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.73 dividend. The ex-dividend date is Monday, June 3rd. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is currently 29.24%.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. In related 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 completion of the sale, the vice president now owns 5,728 shares of the company's stock, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the firm's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

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.