Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,644 shares of the transportation company’s stock after selling 397 shares during the quarter. Kentucky Retirement Systems’ holdings in Expeditors International of Washington were worth $1,328,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of EXPD. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth $25,000. Optiver Holding B.V. acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth $35,000. Finally, ORG Partners LLC grew its stake in shares of Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPD. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Trading Down 2.0 %

NASDAQ:EXPD opened at $123.18 on Friday. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. The company’s 50-day moving average is $122.00 and its two-hundred day moving average is $120.50. 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 released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. Expeditors International of Washington’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share 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.