California State Teachers Retirement System Has $46.45 Million Position in Expeditors International of Washington, Inc. $EXPD

California State Teachers Retirement System lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,311 shares of the transportation company’s stock after selling 6,785 shares during the period. California State Teachers Retirement System’s holdings in Expeditors International of Washington were worth $46,451,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth about $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. lifted its position in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Bank of America lifted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, UBS Group upped their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.78.

Expeditors International of Washington Trading Down 1.8%

NASDAQ:EXPD opened at $167.01 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $183.52. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 5.00 and a beta of 1.04. The stock has a 50-day moving average price of $166.48 and a two-hundred day moving average price of $156.39.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the company earned $1.47 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

About Expeditors International of Washington

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.