Oregon Public Employees Retirement Fund Has $3.17 Million Stock Position in Expeditors International of Washington (NASDAQ:EXPD)

Oregon Public Employees Retirement Fund lowered its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 1.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 41,733 shares of the transportation company’s stock after selling 493 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Expeditors International of Washington were worth $3,166,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Expeditors International of Washington by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after purchasing an additional 113,850 shares during the period. MML Investors Services LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $258,000. Millennium Management LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $660,000. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $114,445,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $100,000. 92.16% of the stock is owned by institutional investors.

Shares of NASDAQ:EXPD traded down $0.10 during midday trading on Friday, reaching $73.22. The company had a trading volume of 139,672 shares, compared to its average volume of 907,125. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. The company’s fifty day simple moving average is $74.89. The stock has a market cap of $13.11 billion, a PE ratio of 21.04 and a beta of 0.91. Expeditors International of Washington has a one year low of $62.90 and a one year high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly 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 company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. As a group, equities analysts anticipate that Expeditors International of Washington will post 3.45 earnings per share for the current year.

EXPD has been the topic of a number of analyst reports. Goldman Sachs Group initiated coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 10th. They set a “sell” rating and a $70.00 price objective on the stock. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research note on Monday, May 27th. ValuEngine lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Loop Capital initiated coverage on shares of Expeditors International of Washington in a research note on Thursday, May 30th. They set a “hold” rating and a $78.00 price objective on the stock. Finally, Cowen reiterated a “market perform” rating and set 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. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $73.29.

About Expeditors International of Washington

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.

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

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