Expeditors International of Washington, Inc. $EXPD Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,335 shares of the transportation company’s stock after selling 1,654 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Expeditors International of Washington were worth $5,865,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC lifted its holdings in Expeditors International of Washington by 48.8% in the second quarter. GAMMA Investing LLC now owns 6,280 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 2,060 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Expeditors International of Washington by 16.1% in the 2nd quarter. Sowell Financial Services LLC now owns 1,936 shares of the transportation company’s stock valued at $221,000 after buying an additional 269 shares during the period. Global X Japan Co. Ltd. lifted its position in Expeditors International of Washington by 3.1% in the second quarter. Global X Japan Co. Ltd. now owns 5,527 shares of the transportation company’s stock valued at $631,000 after buying an additional 168 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Expeditors International of Washington by 2.4% during the second quarter. IFM Investors Pty Ltd now owns 29,266 shares of the transportation company’s stock valued at $3,344,000 after acquiring an additional 682 shares during the last quarter. Finally, Legacy Financial Strategies LLC raised its stake in shares of Expeditors International of Washington by 9.2% in the 2nd quarter. Legacy Financial Strategies LLC now owns 22,632 shares of the transportation company’s stock valued at $2,586,000 after acquiring an additional 1,910 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXPD. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. UBS Group raised their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, June 30th. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $114.78.

Expeditors International of Washington Stock Up 0.6%

Shares of NASDAQ:EXPD opened at $121.92 on Monday. The firm’s 50 day moving average price is $119.56 and its 200 day moving average price is $115.42. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.