Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,576 Shares of Expeditors International of Washington, Inc. $EXPD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,587 shares of the transportation company’s stock after buying an additional 1,576 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Expeditors International of Washington were worth $3,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EXPD. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the 1st quarter worth $30,000. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington during the second quarter valued at $34,000. Ransom Advisory Ltd bought a new stake in Expeditors International of Washington during the first quarter valued at about $41,000. Twin Tree Management LP purchased a new stake in Expeditors International of Washington in the first quarter worth about $42,000. Finally, Addison Advisors LLC increased its position in Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $139.90 on Wednesday. The company’s fifty day moving average price is $124.62 and its 200-day moving average price is $118.94. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $143.02. The company has a market capitalization of $18.75 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.77 per share. This represents a dividend yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $166.00 in a research note on Monday. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a research report on Wednesday, November 5th. Barclays raised their price objective on shares of 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. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. Finally, TD Cowen increased their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $131.89.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.