Teacher Retirement System of Texas Decreases Stake in Expeditors International of Washington, Inc. $EXPD

Teacher Retirement System of Texas lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.4% in the 2nd quarter, Holdings Channel reports. The firm owned 148,320 shares of the transportation company’s stock after selling 31,226 shares during the period. Teacher Retirement System of Texas’ holdings in Expeditors International of Washington were worth $16,946,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Expeditors International of Washington in the second quarter worth $398,000. Nisa Investment Advisors LLC raised its stake in shares of Expeditors International of Washington by 70.8% in the second quarter. Nisa Investment Advisors LLC now owns 32,973 shares of the transportation company’s stock worth $3,767,000 after purchasing an additional 13,668 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Expeditors International of Washington by 92.6% in the second quarter. Wealthfront Advisers LLC now owns 41,619 shares of the transportation company’s stock worth $4,755,000 after purchasing an additional 20,010 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Expeditors International of Washington by 42.6% in the second quarter. AlphaQuest LLC now owns 1,910 shares of the transportation company’s stock worth $218,000 after purchasing an additional 571 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Expeditors International of Washington by 827.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 408 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.1%

Shares of EXPD opened at $119.53 on Wednesday. The business has a 50-day simple moving average of $120.68 and a two-hundred day simple moving average of $116.23. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXPD. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price objective for the company. Stifel Nicolaus reduced their price objective on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, October 10th. Finally, Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $114.44.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by insiders.

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.