Teacher Retirement System of Texas Sells 36,170 Shares of Expeditors International of Washington, Inc. $EXPD

Teacher Retirement System of Texas reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,150 shares of the transportation company’s stock after selling 36,170 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Expeditors International of Washington worth $13,748,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares during the period. Woodline Partners LP boosted its holdings in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after buying an additional 3,420 shares during the period. Focus Partners Wealth increased its position in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in shares of Expeditors International of Washington by 16.1% during the second quarter. Sowell Financial Services LLC now owns 1,936 shares of the transportation company’s stock worth $221,000 after acquiring an additional 269 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Performance

EXPD opened at $159.27 on Friday. The business’s 50-day simple moving average is $151.95 and its 200 day simple moving average is $131.84. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $164.48. The firm has a market capitalization of $21.35 billion, a PE ratio of 27.84, a PEG ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is presently 25.12%.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Truist Financial increased their price objective on Expeditors International of Washington from $130.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Morgan Stanley boosted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Finally, Stifel Nicolaus upped their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $134.10.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.