Nicolet Advisory Services LLC Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nicolet Advisory Services LLC decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,718 shares of the transportation company’s stock after selling 147 shares during the quarter. 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 large investors have also recently made changes to their positions in EXPD. Nwam LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $256,000. Studio Investment Management LLC increased its stake in shares of Expeditors International of Washington by 4.0% in the third quarter. Studio Investment Management LLC now owns 4,119 shares of the transportation company’s stock worth $541,000 after purchasing an additional 157 shares in the last quarter. Citigroup Inc. raised its position in shares of Expeditors International of Washington by 13.1% during the 3rd quarter. Citigroup Inc. now owns 182,462 shares of the transportation company’s stock valued at $23,976,000 after purchasing an additional 21,188 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Expeditors International of Washington by 2.1% during the 3rd quarter. Raymond James Trust N.A. now owns 6,332 shares of the transportation company’s stock valued at $832,000 after buying an additional 129 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock worth $109,536,000 after buying an additional 51,265 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

EXPD stock opened at $121.32 on Monday. The firm has a fifty day moving average price of $121.86 and a 200 day moving average price 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 firm has a market cap of $16.98 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 3.47 and a beta of 0.98.

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

Expeditors International of Washington Dividend Announcement

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