Teacher Retirement System of Texas Continues to Hold Position in Expeditors International of Washington, Inc. (EXPD)

Teacher Retirement System of Texas maintained its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in shares of Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of 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 during the last quarter. Van ECK Associates Corp raised its position in shares of Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares during the last quarter. Creative Planning raised its position in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

Expeditors International of Washington, Inc. (EXPD) opened at 55.72 on Thursday. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 24.12 and a beta of 0.65. The firm has a 50-day moving average price of $57.54 and a 200-day moving average price of $55.80. Expeditors International of Washington, Inc. has a 12 month low of $47.23 and a 12 month high of $59.90.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post $2.32 earnings per share for the current fiscal year.

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A number of brokerages have commented on EXPD. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. Cowen and Company reiterated a “market perform” rating and issued a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price objective (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target 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.

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

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