Oregon Public Employees Retirement Fund Has $1.89 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Oregon Public Employees Retirement Fund increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,438 shares of the transportation company’s stock after buying an additional 3,616 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expeditors International of Washington were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Vermillion & White Wealth Management Group LLC raised its position in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington during the second quarter worth about $34,000. CYBER HORNET ETFs LLC bought a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $43,000. Finally, Addison Advisors LLC raised its holdings in shares of Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPD. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $138.00 to $166.00 in a report on Monday, November 17th. TD Cowen upped their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Morgan Stanley lifted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $128.60.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Price Performance

EXPD opened at $160.71 on Wednesday. The business has a 50 day simple moving average of $148.23 and a two-hundred day simple moving average of $129.44. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $161.83. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.77 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Expeditors International of Washington 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.