Nisa Investment Advisors LLC Sells 12,397 Shares of Expeditors International of Washington, Inc. $EXPD

Nisa Investment Advisors LLC lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,222 shares of the transportation company’s stock after selling 12,397 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $3,162,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after acquiring an additional 377,703 shares during the period. First Trust Advisors LP increased its position in Expeditors International of Washington by 19.3% during the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after acquiring an additional 335,578 shares during the period. Marshfield Associates increased its position in Expeditors International of Washington by 4.6% during the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after acquiring an additional 86,182 shares during the period. Baird Financial Group Inc. raised its stake in Expeditors International of Washington by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after purchasing an additional 92,222 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $145.94 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The firm has a market capitalization of $19.41 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company’s fifty day moving average price is $149.51 and its two-hundred day moving average price is $142.32.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the business posted $1.68 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPD. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research note on Monday, January 12th. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Profile

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.