Expeditors International of Washington, Inc. (EXPD) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 703,900 shares of the transportation company’s stock after acquiring an additional 75,100 shares during the quarter. New York State Common Retirement Fund owned about 0.39% of Expeditors International of Washington worth $42,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXPD. Rothschild Asset Management Inc. lifted its position in Expeditors International of Washington by 12.8% in the 2nd quarter. Rothschild Asset Management Inc. now owns 12,034 shares of the transportation company’s stock worth $680,000 after buying an additional 1,365 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Expeditors International of Washington by 10.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,250 shares of the transportation company’s stock worth $297,000 after buying an additional 500 shares during the last quarter. Korea Investment CORP lifted its position in Expeditors International of Washington by 73.1% in the 2nd quarter. Korea Investment CORP now owns 123,560 shares of the transportation company’s stock worth $6,979,000 after buying an additional 52,165 shares during the last quarter. Retirement Systems of Alabama lifted its position in Expeditors International of Washington by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 87,353 shares of the transportation company’s stock worth $4,934,000 after buying an additional 286 shares during the last quarter. Finally, TD Asset Management Inc. lifted its position in Expeditors International of Washington by 14.6% in the 2nd quarter. TD Asset Management Inc. now owns 456,620 shares of the transportation company’s stock worth $25,790,000 after buying an additional 58,329 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

Expeditors International of Washington, Inc. (EXPD) opened at $64.18 on Friday. The company has a market capitalization of $11,433.40, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. Expeditors International of Washington, Inc. has a 12 month low of $51.57 and a 12 month high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. analysts predict that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 35.15%.

A number of analysts recently weighed in on EXPD shares. Credit Suisse Group boosted their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, November 9th. Goldman Sachs Group started coverage on Expeditors International of Washington in a research report on Monday, November 13th. They issued a “neutral” rating and a $59.00 target price for the company. UBS boosted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Finally, Cowen restated a “market perform” rating and issued a $58.00 target price (up previously from $54.00) on shares of Expeditors International of Washington in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.38.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

WARNING: “Expeditors International of Washington, Inc. (EXPD) Shares Bought by New York State Common Retirement Fund” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/08/expeditors-international-of-washington-inc-expd-shares-bought-by-new-york-state-common-retirement-fund.html.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply