Texas Permanent School Fund Corp Sells 6,818 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Texas Permanent School Fund Corp cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,247 shares of the transportation company’s stock after selling 6,818 shares during the period. Texas Permanent School Fund Corp’s holdings in Expeditors International of Washington were worth $2,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of Expeditors International of Washington during the first quarter valued at about $25,000. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $27,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington during the second quarter valued at about $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington during the second quarter valued at about $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington in the second quarter worth about $52,000. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXPD. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Robert W. Baird upped 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. Finally, Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Stock Down 0.2 %

Shares of Expeditors International of Washington stock opened at $120.78 on Monday. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The company’s 50 day moving average is $121.70 and its 200 day moving average is $120.38. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.30 EPS. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

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.