Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $880,000 Stake in Expeditors International of Washington, Inc. (EXPD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,699 shares of the transportation company’s stock after acquiring an additional 1,314 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Expeditors International of Washington were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. Vanguard Group Inc. increased its position in shares of Expeditors International of Washington by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after purchasing an additional 532,318 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Expeditors International of Washington by 24,524.1% during the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after purchasing an additional 4,767,490 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of Expeditors International of Washington by 2.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock worth $161,824,000 after purchasing an additional 65,353 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Expeditors International of Washington by 115.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after purchasing an additional 766,900 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Expeditors International of Washington by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock worth $78,231,000 after purchasing an additional 13,419 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

In other news, insider Eugene K. Alger sold 10,269 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

EXPD has been the subject of a number of recent analyst reports. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, November 9th. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen reissued a “market perform” rating and set a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Goldman Sachs Group began coverage on Expeditors International of Washington in a research report on Monday, November 13th. They set a “neutral” rating and a $59.00 price objective for the company. Finally, Barclays lifted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.38.

Expeditors International of Washington, Inc. (EXPD) opened at $64.34 on Thursday. The firm has a market capitalization of $11,538.24, a PE ratio of 27.17, a price-to-earnings-growth ratio of 3.38 and a beta of 0.72. Expeditors International of Washington, Inc. has a 52-week low of $51.57 and a 52-week high of $66.01.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. Expeditors International of Washington’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. research analysts predict that Expeditors International of Washington, Inc. will post 2.4 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.42 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 30th. Expeditors International of Washington’s dividend payout ratio is presently 35.15%.

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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)

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