Louisiana State Employees Retirement System Acquires Shares of 6,800 Expeditors International of Washington, Inc. $EXPD

Louisiana State Employees Retirement System acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, HoldingsChannel.com reports. The fund acquired 6,800 shares of the transportation company’s stock, valued at approximately $974,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the last quarter. Woodline Partners LP raised its position in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after purchasing an additional 3,420 shares during the period. Focus Partners Wealth raised its position in shares of Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after purchasing an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after buying an additional 255 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Susquehanna lifted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Barclays upped their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Finally, UBS Group lifted their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.44.

Expeditors International of Washington Stock Down 0.1%

Shares of NASDAQ:EXPD opened at $167.43 on Monday. The company’s 50 day moving average price is $158.65 and its two-hundred day moving average price is $153.59. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The firm has a market cap of $21.90 billion, a PE ratio of 29.27, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is currently 26.21%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.