State of New Jersey Common Pension Fund D Has $10.02 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

State of New Jersey Common Pension Fund D decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,808 shares of the transportation company’s stock after selling 3,319 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Expeditors International of Washington worth $10,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wynn Capital LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $461,000. GAMMA Investing LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $360,000. Marks Group Wealth Management Inc grew its holdings in shares of Expeditors International of Washington by 1.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 48,274 shares of the transportation company’s stock valued at $6,140,000 after buying an additional 689 shares during the period. Larson Financial Group LLC grew its holdings in shares of Expeditors International of Washington by 705.5% in the 4th quarter. Larson Financial Group LLC now owns 4,978 shares of the transportation company’s stock valued at $633,000 after buying an additional 4,360 shares during the period. Finally, Foster & Motley Inc. grew its holdings in shares of Expeditors International of Washington by 171.4% in the 4th quarter. Foster & Motley Inc. now owns 19,285 shares of the transportation company’s stock valued at $2,453,000 after buying an additional 12,180 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. Finally, BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $108.63.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $0.32 on Thursday, hitting $113.19. 1,619,128 shares of the company’s stock were exchanged, compared to its average volume of 1,184,913. The company has a market cap of $16.06 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 8.35 and a beta of 0.99. The firm has a 50-day moving average price of $119.04 and a 200-day moving average price of $120.57. Expeditors International of Washington, Inc. has a 52 week low of $106.43 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

About Expeditors International of Washington

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.