New Mexico Educational Retirement Board Sells 400 Shares of Expeditors International of Washington (EXPD)

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New Mexico Educational Retirement Board lowered its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,400 shares of the transportation company’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Expeditors International of Washington were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at $25,000. JOYN Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 632.4% during the 4th quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 430 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Expeditors International of Washington by 6,357.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 2,841,903 shares in the last quarter. CX Institutional bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at $50,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

In other news, insider Richard H. Rostan sold 4,596 shares of Expeditors International of Washington stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.37, for a total transaction of $346,400.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Philip M. Coughlin sold 2,725 shares of Expeditors International of Washington stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $74.97, for a total transaction of $204,293.25. The disclosure for this sale can be found here. Insiders sold a total of 26,183 shares of company stock worth $1,972,217 over the last 90 days. Company insiders own 1.20% of the company’s stock.

A number of research firms recently issued reports on EXPD. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Stifel Nicolaus set a $77.00 target price on shares of Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. ValuEngine lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Cowen reiterated a “market perform” rating and issued a $78.00 target price (up from $75.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 20th. Finally, Credit Suisse Group raised their target price on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $74.57.

NASDAQ:EXPD opened at $80.43 on Monday. The firm has a market capitalization of $13.82 billion, a P/E ratio of 23.11, a PEG ratio of 2.84 and a beta of 0.82. Expeditors International of Washington has a 1 year low of $61.69 and a 1 year high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.17. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Equities analysts anticipate that Expeditors International of Washington will post 3.54 earnings per share for the current fiscal year.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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