Kentucky Retirement Systems Insurance Trust Fund Sells 382 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,798 shares of the transportation company’s stock after selling 382 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Expeditors International of Washington were worth $583,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in Expeditors International of Washington by 71.9% during the fourth quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after acquiring an additional 95,389 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Expeditors International of Washington by 3.1% in the fourth quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock valued at $46,990,000 after buying an additional 11,000 shares during the period. Boston Trust Walden Corp raised its stake in Expeditors International of Washington by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after buying an additional 13,811 shares during the period. Prudential PLC raised its stake in Expeditors International of Washington by 80.5% in the fourth quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after buying an additional 39,321 shares during the period. Finally, Trexquant Investment LP bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $5,468,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird upped their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. TD Cowen upped their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.56.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $0.67 during trading hours on Friday, reaching $124.18. 912,852 shares of the company were exchanged, compared to its average volume of 1,341,872. The company has a market capitalization of $17.54 billion, a P/E ratio of 26.31, a P/E/G ratio of 5.29 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The business has a 50 day moving average of $122.45 and a 200 day moving average of $121.21.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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 business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.73 dividend. This represents a dividend yield of 1.2%. 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. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 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.