Retirement Systems of Alabama Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Retirement Systems of Alabama reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,043 shares of the transportation company’s stock after selling 1,398 shares during the period. Retirement Systems of Alabama’s holdings in Expeditors International of Washington were worth $4,076,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $35,000. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $37,000. Planned Solutions Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $37,000. Fortitude Family Office LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $49,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $115.52 on Tuesday. The company has a market capitalization of $16.39 billion, a P/E ratio of 23.10, a P/E/G ratio of 8.49 and a beta of 1.00. The company has a fifty day moving average of $117.84 and a 200 day moving average of $120.38. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.12). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s quarterly revenue was down 33.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. Analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of 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. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $110.57.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.