Nisa Investment Advisors LLC Has $3.16 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Nisa Investment Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Several other institutional investors have also bought and sold shares of the stock. RIA Advisory Group LLC grew its position in Expeditors International of Washington by 2.7% in the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after acquiring an additional 78 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 84 shares during the period. Atria Investments Inc boosted its stake in shares of Expeditors International of Washington by 0.3% in the 3rd quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock valued at $4,122,000 after purchasing an additional 100 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of Expeditors International of Washington by 2.5% in the 4th quarter. Wynn Capital LLC now owns 4,149 shares of the transportation company’s stock worth $618,000 after purchasing an additional 101 shares during the last quarter. Finally, Davidson Trust Co. grew its holdings in shares of Expeditors International of Washington by 3.2% in the 3rd quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock worth $452,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 1.1%

Shares of NASDAQ EXPD opened at $145.94 on Friday. 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. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19. The firm’s 50-day moving average is $149.51 and its 200-day moving average is $142.32.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share 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 earned $1.68 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Susquehanna dropped their price objective on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Barclays increased their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus 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.