New York State Teachers Retirement System Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

New York State Teachers Retirement System trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,072 shares of the transportation company's stock after selling 10,303 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Expeditors International of Washington worth $13,806,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Norden Group LLC purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth $966,000. Van ECK Associates Corp lifted its stake in shares of Expeditors International of Washington by 5.9% during the 1st quarter. Van ECK Associates Corp now owns 33,329 shares of the transportation company's stock worth $4,052,000 after purchasing an additional 1,848 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Expeditors International of Washington by 8.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company's stock worth $13,326,000 after purchasing an additional 8,917 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Expeditors International of Washington by 6.5% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,164 shares of the transportation company's stock worth $263,000 after purchasing an additional 133 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Expeditors International of Washington by 9.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,460 shares of the transportation company's stock worth $1,758,000 after purchasing an additional 1,290 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXPD. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen lowered Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their target price for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Finally, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and an average price target of $115.33.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.06 during midday trading on Friday, hitting $119.06. 1,247,352 shares of the company were exchanged, compared to its average volume of 1,041,533. The firm has a market capitalization of $16.80 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The business has a fifty day simple moving average of $122.62 and a two-hundred day simple moving average of $121.15.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Expeditors International of Washington Company 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.