Louisiana State Employees Retirement System Sells 500 Share…

Louisiana State Employees Retirement System Sells 500 Share…


Louisiana State Employees Retirement System cut its stake in Expeditors International of Washington (NASDAQ:EXPD) by 5.5% in the second quarter, Holdings Channel.com reports. The firm owned 8,600 shares of the transportation company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Expeditors International of Washington were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of EXPD. BlackRock Inc. raised its stake in shares of Expeditors International of Washington by 1.2% in the 1st quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock valued at $1,124,681,000 after buying an additional 169,828 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Expeditors International of Washington by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after buying an additional 113,850 shares in the last quarter. Northern Trust Corp raised its stake in shares of Expeditors International of Washington by 2.1% in the 1st quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock valued at $172,107,000 after buying an additional 45,673 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Expeditors International of Washington by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock valued at $91,976,000 after buying an additional 196,219 shares in the last quarter. Finally, HL Financial Services LLC raised its stake in shares of Expeditors International of Washington by 2.5% in the 1st quarter. HL Financial Services LLC now owns 1,176,102 shares of the transportation company’s stock valued at $89,266,000 after buying an additional 28,544 shares in the last quarter. 92.16% of the stock is owned by hedge funds and other institutional investors.

EXPD has been the subject of a number of recent research reports. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Friday, May 17th. ValuEngine cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Cowen restated a “market perform” rating and issued a $76.00 price objective (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday, May 8th. Loop Capital initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, May 30th. They issued a “hold” rating and a $78.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 10th. They issued a “sell” rating and a $70.00 price objective for the company. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.29.

Shares of Expeditors International of Washington stock opened at $73.18 on Friday. The firm has a market cap of $12.61 billion, a PE ratio of 20.77 and a beta of 0.90. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average price is $74.85. Expeditors International of Washington has a 12-month low of $62.90 and a 12-month high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.99 billion. Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. On average, equities analysts predict that Expeditors International of Washington will post 3.45 EPS for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

Further Reading: Cost of Equity For A Business, Investors

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

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



Receive News & Ratings for Expeditors International of Washington Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Expeditors International of Washington and related companies with MarketBeat.com’s FREE daily email newsletter.

Moving & Transportation Services Cartu Jonathan

Source link

No Comments

Post A Comment