Kentucky Retirement Systems Sells 592 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Kentucky Retirement Systems lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,041 shares of the transportation company’s stock after selling 592 shares during the quarter. Kentucky Retirement Systems’ holdings in Expeditors International of Washington were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Analysts LLC boosted its position in Expeditors International of Washington by 0.6% during the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock valued at $1,798,000 after purchasing an additional 80 shares in the last quarter. Cape ANN Savings Bank lifted its position in shares of Expeditors International of Washington by 2.9% during the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares during the last quarter. SkyOak Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after buying an additional 95 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Expeditors International of Washington by 12.2% in the 4th quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock worth $123,000 after buying an additional 105 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Expeditors International of Washington by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 31,481 shares of the transportation company’s stock worth $4,004,000 after acquiring an additional 105 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.5 %

Shares of NASDAQ:EXPD traded down $0.67 during trading on Friday, hitting $124.18. The stock had a trading volume of 912,852 shares, compared to its average volume of 1,341,872. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 5.29 and a beta of 0.98. The stock has a 50-day simple moving average of $122.45 and a two-hundred day simple moving average of $121.21.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. Expeditors International of Washington’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 30.93%.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXPD shares. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Robert W. Baird boosted their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, Bank of America upped their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $113.56.

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.