Expeditors International of Washington (NASDAQ:EXPD) Reaches New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.66 and last traded at $155.50, with a volume of 49869 shares. The stock had previously closed at $154.40.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXPD shares. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Stifel Nicolaus increased their price target 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. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Finally, Truist Financial boosted their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $128.80.

Read Our Latest Report on EXPD

Expeditors International of Washington Stock Performance

The stock has a fifty day simple moving average of $143.93 and a 200 day simple moving average of $127.55. The firm has a market cap of $20.83 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.12%.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the transaction, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at approximately $34,000. Community Bank N.A. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $34,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington in the first quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at about $43,000. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

(Get Free Report)

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.

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