Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Holdings Lessened by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 347,013 shares of the transportation company's stock after selling 13,394 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.25% of Expeditors International of Washington worth $45,598,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Two Sigma Advisers LP raised its position in shares of Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock worth $56,042,000 after buying an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock worth $51,089,000 after purchasing an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after purchasing an additional 308,390 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock valued at $35,067,000 after purchasing an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after purchasing an additional 257,791 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EXPD. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. TD Cowen raised their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $0.57 during midday trading on Tuesday, hitting $121.21. 820,903 shares of the stock were exchanged, compared to its average volume of 1,204,734. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The firm has a market cap of $16.97 billion, a P/E ratio of 23.63, a P/E/G ratio of 3.38 and a beta of 0.97. The company has a 50 day moving average price of $120.65 and a two-hundred day moving average price of $122.13.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company's revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington's payout ratio is currently 28.46%.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.