Teachers Retirement System of The State of Kentucky Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,970 shares of the transportation company’s stock after selling 323 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Expeditors International of Washington were worth $1,494,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Prudential PLC boosted its stake in Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after purchasing an additional 39,321 shares during the last quarter. Swedbank AB acquired a new position in Expeditors International of Washington during the first quarter worth about $2,954,000. Banco Santander S.A. grew its stake in Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after acquiring an additional 52,603 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $1,305,000. Finally, Assenagon Asset Management S.A. lifted its stake in Expeditors International of Washington by 62.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock worth $22,814,000 after purchasing an additional 70,329 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of analyst reports. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Robert W. Baird upped their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $120.44 on Friday. The stock has a 50-day simple moving average of $122.96 and a 200 day simple moving average of $120.90. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 5.71 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts forecast 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.