Nicollet Investment Management Inc. Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nicollet Investment Management Inc. decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 10,698 shares of the transportation company’s stock after selling 278 shares during the quarter. Nicollet Investment Management Inc.’s holdings in Expeditors International of Washington were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP raised its position in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after purchasing an additional 1,351,630 shares during the period. Norges Bank purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $74,763,000. TD Asset Management Inc boosted its stake in shares of Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after buying an additional 296,186 shares during the period. Confluence Investment Management LLC acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $23,178,000. Finally, UBS Group AG grew its stake in shares of Expeditors International of Washington by 66.7% in the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after purchasing an additional 175,111 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the 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 completion of the sale, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXPD. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America raised their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $121.84 on Wednesday. The stock has a market cap of $17.21 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 5.50 and a beta of 0.97. The business’s fifty day moving average is $121.83 and its 200-day moving average is $120.32. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.