Public Employees Retirement System of Ohio Lowers Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Public Employees Retirement System of Ohio trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,031 shares of the transportation company's stock after selling 6,070 shares during the period. Public Employees Retirement System of Ohio's holdings in Expeditors International of Washington were worth $8,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Two Sigma Advisers LP grew its position in Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after buying an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Expeditors International of Washington by 581.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC increased its stake in shares of Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Trading Down 1.0 %

Shares of Expeditors International of Washington stock traded down $1.24 on Friday, hitting $118.51. 858,479 shares of the company traded hands, compared to its average volume of 1,202,196. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The company has a market cap of $16.59 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.42 and a beta of 0.97. The firm's 50-day simple moving average is $120.49 and its 200 day simple moving average is $122.10.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio is presently 28.46%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EXPD shares. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Finally, Barclays raised their price objective 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. 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 MarketBeat, the stock has an average rating of "Hold" and an average price target of $118.44.

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.