Nomura Holdings Inc. Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nomura Holdings Inc. cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 63.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,924 shares of the transportation company’s stock after selling 5,170 shares during the period. Nomura Holdings Inc.’s holdings in Expeditors International of Washington were worth $372,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its stake in Expeditors International of Washington by 71.9% during the fourth quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after acquiring an additional 95,389 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 3.1% in the 4th quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock worth $46,990,000 after purchasing an additional 11,000 shares during the last quarter. Boston Trust Walden Corp boosted its position in Expeditors International of Washington by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after purchasing an additional 13,811 shares during the period. Prudential PLC grew its stake in Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after buying an additional 39,321 shares during the last quarter. Finally, Stonebrook Private Inc. bought a new position in Expeditors International of Washington during the 4th quarter worth $3,201,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $126.42 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm has a market cap of $17.86 billion, a P/E ratio of 26.78, a PEG ratio of 5.88 and a beta of 0.99. The stock has a fifty day moving average price of $118.68 and a two-hundred day moving average price of $121.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. On average, research analysts predict that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.73 dividend. The ex-dividend date was Monday, June 3rd. This represents a dividend yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is currently 30.93%.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, TD Cowen increased their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.88.

Expeditors International of Washington 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.