Nomura Holdings Inc. Acquires 3,493 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nomura Holdings Inc. raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,824 shares of the transportation company's stock after buying an additional 3,493 shares during the quarter. Nomura Holdings Inc.'s holdings in Expeditors International of Washington were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares in the last quarter. Boston Partners raised its stake in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares during the last quarter. Geode Capital Management LLC raised its stake in Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock valued at $374,771,000 after buying an additional 57,736 shares during the last quarter. First Trust Advisors LP boosted its holdings in Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after acquiring an additional 690,539 shares in the last quarter. Finally, Invesco Ltd. grew its position in Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after purchasing an additional 235,409 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Trading Down 1.1%

Expeditors International of Washington stock traded down $1.20 during trading on Friday, reaching $112.49. The company had a trading volume of 314,843 shares, compared to its average volume of 1,287,731. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm's 50-day simple moving average is $112.17 and its 200 day simple moving average is $114.63. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

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.