Oregon Public Employees Retirement Fund Purchases 3,081 Shares of Expeditors International of Washington, Inc. (EXPD)

Oregon Public Employees Retirement Fund grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,628 shares of the transportation company’s stock after purchasing an additional 3,081 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expeditors International of Washington were worth $2,791,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EXPD. Canada Pension Plan Investment Board boosted its stake in shares of Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 1,900 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Expeditors International of Washington by 3.8% during the second quarter. Mosaic Family Wealth LLC now owns 2,536 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 93 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Expeditors International of Washington by 22.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 471 shares in the last quarter. Merriman Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at about $208,000. Finally, Barings LLC acquired a new stake in shares of Expeditors International of Washington during the first quarter valued at about $210,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Cowen and Company reissued a “market perform” rating and set a $58.00 price target (up from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday, August 11th. UBS AG lifted their price target on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday. Finally, Credit Suisse Group lifted their price target on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $59.43.

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Expeditors International of Washington, Inc. (NASDAQ:EXPD) opened at $59.85 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $50.20 and a 1 year high of $62.63. The stock has a market capitalization of $10,635.52, a PE ratio of 25.04, a PEG ratio of 3.13 and a beta of 0.68.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 7th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. equities analysts forecast that Expeditors International of Washington, Inc. will post 2.39 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is 35.15%.

About Expeditors International of Washington

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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