Teacher Retirement System of Texas Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teacher Retirement System of Texas grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6,392.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,588 shares of the transportation company's stock after buying an additional 208,329 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Expeditors International of Washington worth $23,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Investment House LLC increased its stake in Expeditors International of Washington by 0.7% during the fourth quarter. Investment House LLC now owns 62,599 shares of the transportation company's stock worth $6,934,000 after acquiring an additional 415 shares during the last quarter. Vinva Investment Management Ltd bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $675,000. Xponance Inc. raised its holdings in Expeditors International of Washington by 1.3% during the 4th quarter. Xponance Inc. now owns 21,598 shares of the transportation company's stock valued at $2,392,000 after buying an additional 267 shares during the period. Boston Partners raised its holdings in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Expeditors International of Washington by 168.0% during the fourth quarter. Intech Investment Management LLC now owns 10,872 shares of the transportation company's stock worth $1,204,000 after buying an additional 6,816 shares during the period. 94.02% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. UBS Group decreased their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Truist Financial started coverage on shares of Expeditors International of Washington in a research note on Thursday, March 13th. They issued a "hold" rating and a $110.00 target price on the stock. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Stock Up 0.7 %

Shares of Expeditors International of Washington stock traded up $0.80 on Wednesday, reaching $119.12. 1,855,902 shares of the stock were exchanged, compared to its average volume of 1,395,276. The business has a 50 day moving average price of $115.26 and a two-hundred day moving average price of $117.87. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Expeditors International of Washington Profile

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.