State of New Jersey Common Pension Fund D Has $6.32 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of New Jersey Common Pension Fund D trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 35.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,640 shares of the transportation company’s stock after selling 28,168 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Expeditors International of Washington were worth $6,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Private Advisor Group LLC boosted its holdings in Expeditors International of Washington by 224.5% in the 4th quarter. Private Advisor Group LLC now owns 3,620 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 6,528 shares during the period. Principal Securities Inc. bought a new stake in Expeditors International of Washington in the 4th quarter valued at $176,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Expeditors International of Washington by 16.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,048 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 283 shares during the period. ING Groep NV boosted its holdings in Expeditors International of Washington by 7.2% in the 4th quarter. ING Groep NV now owns 19,904 shares of the transportation company’s stock valued at $2,531,000 after purchasing an additional 1,337 shares during the period. Finally, Norges Bank bought a new stake in Expeditors International of Washington in the 4th quarter valued at $74,763,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.2 %

Shares of Expeditors International of Washington stock opened at $120.78 on Monday. The stock has a market capitalization of $17.06 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The company has a 50-day simple moving average of $121.70 and a 200 day simple moving average of $120.38. 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) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on EXPD. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $116.00.

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.