Nomura Asset Management Co. Ltd. Has $53.55 Million Position in Expeditors International of Washington, Inc. $EXPD

Nomura Asset Management Co. Ltd. lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,360 shares of the transportation company’s stock after selling 25,137 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $53,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. MUFG Securities EMEA plc increased its stake in shares of Expeditors International of Washington by 111.5% in the 4th quarter. MUFG Securities EMEA plc now owns 5,494 shares of the transportation company’s stock valued at $819,000 after acquiring an additional 2,896 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Expeditors International of Washington by 18.2% in the 4th quarter. BNP Paribas Financial Markets now owns 274,943 shares of the transportation company’s stock valued at $40,969,000 after acquiring an additional 42,258 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $483,000. Forsta AP Fonden increased its stake in shares of Expeditors International of Washington by 81.4% in the 4th quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock valued at $13,351,000 after acquiring an additional 40,200 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $180,719,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Trading Up 0.3%

Shares of NASDAQ:EXPD opened at $158.44 on Monday. The stock’s fifty day simple moving average is $149.77 and its two-hundred day simple moving average is $150.57. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19. The stock has a market cap of $20.72 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 102.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna increased their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.30.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.