Illinois Municipal Retirement Fund Buys Shares of 8,553 Expeditors International of Washington (NASDAQ:EXPD)

Illinois Municipal Retirement Fund bought a new stake in Expeditors International of Washington (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,553 shares of the transportation company’s stock, valued at approximately $667,000.

A number of other institutional investors also recently modified their holdings of EXPD. BlackRock Inc. lifted its holdings in shares of Expeditors International of Washington by 3.7% during the second quarter. BlackRock Inc. now owns 15,364,822 shares of the transportation company’s stock worth $1,165,576,000 after purchasing an additional 546,889 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Expeditors International of Washington by 5.1% during the third quarter. California Public Employees Retirement System now owns 1,433,739 shares of the transportation company’s stock worth $106,512,000 after purchasing an additional 69,788 shares during the period. Boston Partners acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $99,524,000. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 7.9% during the fourth quarter. First Trust Advisors LP now owns 990,973 shares of the transportation company’s stock worth $77,316,000 after purchasing an additional 72,384 shares during the period. Finally, Marathon Asset Management LLP lifted its holdings in shares of Expeditors International of Washington by 15.2% during the third quarter. Marathon Asset Management LLP now owns 986,447 shares of the transportation company’s stock worth $73,279,000 after purchasing an additional 130,514 shares during the period. Hedge funds and other institutional investors own 91.36% of the company’s stock.

In related news, CFO Bradley S. Powell sold 17,364 shares of Expeditors International of Washington stock in a transaction on Monday, November 25th. The shares were sold at an average price of $76.15, for a total transaction of $1,322,268.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

EXPD has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Credit Suisse Group cut their price target on shares of Expeditors International of Washington from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Tuesday, January 21st. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price target on the stock. in a report on Tuesday, December 3rd. Robert W. Baird lifted their price target on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Cowen cut their price target on shares of Expeditors International of Washington from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $72.90.

Shares of NASDAQ EXPD opened at $73.39 on Friday. Expeditors International of Washington has a twelve month low of $67.97 and a twelve month high of $81.64. The firm has a fifty day simple moving average of $75.60 and a 200 day simple moving average of $74.32. The company has a market capitalization of $12.63 billion, a PE ratio of 20.27 and a beta of 0.94. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.14.

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.

Recommended Story: What Are Cryptocurrencies?

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.