California State Teachers Retirement System decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 346,898 shares of the transportation company’s stock after selling 17,417 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Expeditors International of Washington worth $19,593,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Forsta AP Fonden grew its holdings in shares of Expeditors International of Washington by 20.3% in the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after buying an additional 31,100 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Expeditors International of Washington by 210.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 23,442 shares of the transportation company’s stock valued at $1,324,000 after buying an additional 15,891 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Expeditors International of Washington by 8.5% in the 2nd quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock valued at $1,718,000 after buying an additional 2,391 shares during the period. Summit Global Investments acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at $652,000. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $1,937,000. 93.30% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/10/17/expeditors-international-of-washington-inc-expd-shares-sold-by-california-state-teachers-retirement-system.html.

Expeditors International of Washington, Inc. (NASDAQ EXPD) opened at 58.90 on Tuesday. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 25.50 and a beta of 0.67. Expeditors International of Washington, Inc. has a 52 week low of $47.23 and a 52 week high of $60.81. The company has a 50-day moving average of $58.19 and a 200-day moving average of $56.44.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. Expeditors International of Washington’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post $2.31 earnings per share for the current fiscal year.

EXPD has been the subject of several research analyst reports. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $57.00.

About Expeditors International of Washington

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.

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD).

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.