Teacher Retirement System of Texas held its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 88,990 shares of the transportation company’s stock at the end of the second quarter. Teacher Retirement System of Texas’ holdings in Expeditors International of Washington were worth $5,026,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EXPD. Janney Capital Management LLC increased its stake in shares of Expeditors International of Washington by 0.4% in the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock worth $264,000 after buying an additional 18 shares during the period. Mosaic Family Wealth LLC raised its position in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares in the last quarter. Benedict Financial Advisors Inc. raised its position in Expeditors International of Washington by 0.4% in the first quarter. Benedict Financial Advisors Inc. now owns 20,549 shares of the transportation company’s stock worth $1,161,000 after buying an additional 79 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Expeditors International of Washington by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after buying an additional 100 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at 55.72 on Thursday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 24.12 and a beta of 0.65. The company’s 50-day moving average price is $57.54 and its 200-day moving average price is $55.80. Expeditors International of Washington, Inc. has a 52-week low of $47.23 and a 52-week high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. Expeditors International of Washington’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. Analysts predict that Expeditors International of Washington, Inc. will post $2.32 EPS for the current year.

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A number of research analysts recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $52.00 price objective (down previously from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Cowen and Company restated a “market perform” rating and set a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $55.80.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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