Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – Here’s Why

by · The Cerbat Gem

Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $148.51 and last traded at $148.2250, with a volume of 319734 shares changing hands. The stock had previously closed at $146.48.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EXPD shares. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price for the company in a research note on Wednesday, November 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $131.89.

Get Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Price Performance

The business’s 50 day simple moving average is $130.14 and its 200 day simple moving average is $121.61. The stock has a market cap of $20.29 billion, a P/E ratio of 26.47, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.77 dividend. The ex-dividend date is Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s payout ratio is 25.12%.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXPD. Clifford Swan Investment Counsel LLC increased its position in Expeditors International of Washington by 18.0% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock valued at $8,136,000 after buying an additional 10,858 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Expeditors International of Washington by 48.0% during the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after buying an additional 118,114 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Expeditors International of Washington by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,426 shares of the transportation company’s stock worth $292,000 after buying an additional 149 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Expeditors International of Washington in the second quarter worth $21,493,000. Finally, Prudential Financial Inc. increased its position in Expeditors International of Washington by 7.2% during the second quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock valued at $9,437,000 after acquiring an additional 5,537 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Company Profile

(Get Free Report)

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.

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