Texas Permanent School Fund Has $2.88 Million Stake in Expeditors International of Washington (EXPD)

Texas Permanent School Fund reduced its stake in Expeditors International of Washington (NASDAQ:EXPD) by 8.2% in the third quarter, HoldingsChannel.com reports. The fund owned 39,136 shares of the transportation company’s stock after selling 3,490 shares during the period. Texas Permanent School Fund’s holdings in Expeditors International of Washington were worth $2,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in shares of Expeditors International of Washington in the second quarter worth $113,000. Meeder Asset Management Inc. bought a new position in shares of Expeditors International of Washington in the second quarter worth $116,000. Fort L.P. bought a new position in shares of Expeditors International of Washington in the second quarter worth $118,000. Parallel Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 70.7% in the second quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after acquiring an additional 966 shares during the period. Finally, MainStreet Investment Advisors LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth $198,000. 93.97% of the stock is owned by hedge funds and other institutional investors.

Shares of EXPD stock opened at $69.19 on Friday. Expeditors International of Washington has a 52-week low of $56.44 and a 52-week high of $78.16. The firm has a market capitalization of $11.71 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. As a group, analysts expect that Expeditors International of Washington will post 3.14 EPS for the current fiscal year.

A number of equities analysts have recently commented on EXPD shares. BidaskClub lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Friday, July 13th. Cowen reaffirmed a “market perform” rating and issued a $73.00 price target (up from $70.00) on shares of Expeditors International of Washington in a report on Tuesday, August 7th. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group cut their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $67.50.

About Expeditors International of Washington

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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