Nicollet Investment Management Inc. Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nicollet Investment Management Inc. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,826 shares of the transportation company’s stock after buying an additional 128 shares during the period. Nicollet Investment Management Inc.’s holdings in Expeditors International of Washington were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth $25,000. Hara Capital LLC purchased a new stake in Expeditors International of Washington during the third quarter valued at about $26,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at about $52,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPD has been the subject of several research reports. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. 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, the company has a consensus rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.7 %

NASDAQ EXPD opened at $120.12 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The stock’s fifty day moving average price is $122.06 and its 200-day moving average price is $121.54. The stock has a market cap of $16.81 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98.

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

Expeditors International of Washington Announces Dividend

The firm 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. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

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.