Teachers Retirement System of The State of Kentucky Sells 942 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teachers Retirement System of The State of Kentucky trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,028 shares of the transportation company’s stock after selling 942 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Expeditors International of Washington were worth $1,449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXPD. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in Expeditors International of Washington in the second quarter valued at about $31,000. Family Firm Inc. purchased a new stake in Expeditors International of Washington in the second quarter valued at about $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the second quarter worth about $52,000. Finally, Maia Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the third quarter worth about $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $118.44.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $115.92 on Wednesday. The firm’s fifty day moving average is $120.29 and its two-hundred day moving average is $122.11. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company earned $1.16 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

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.