Nicolet Advisory Services LLC Sells 147 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nicolet Advisory Services LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,718 shares of the transportation company’s stock after selling 147 shares during the period. Nicolet Advisory Services LLC’s holdings in Expeditors International of Washington were worth $211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXPD. D. E. Shaw & Co. Inc. raised its holdings in Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Expeditors International of Washington by 140.2% in the third quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock worth $57,702,000 after purchasing an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after purchasing an additional 227,671 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $121.32 on Monday. The company has a 50 day simple moving average of $121.86 and a two-hundred day simple moving average of $121.84. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.47 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXPD. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $118.44.

About Expeditors International of Washington

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.