Expeditors International of Washington (NASDAQ:EXPD) Hits New 52-Week High – Here’s Why

by · The Cerbat Gem

Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $152.57 and last traded at $152.4940, with a volume of 205297 shares changing hands. The stock had previously closed at $151.35.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXPD shares. 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 report on Thursday, September 11th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Truist Financial boosted their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Finally, TD Cowen boosted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Reduce” and an average price target of $128.20.

Get Our Latest Research Report on EXPD

Expeditors International of Washington Trading Up 1.6%

The company has a market capitalization of $20.60 billion, a PE ratio of 26.86, a P/E/G ratio of 5.00 and a beta of 1.15. The firm has a 50 day simple moving average of $132.33 and a two-hundred day simple moving average of $122.62.

Expeditors International of Washington Dividend Announcement

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

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% 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 company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors have recently made changes to their positions in the stock. HighPoint Advisor Group LLC raised its position in shares of Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Expeditors International of Washington by 0.3% in the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after acquiring an additional 91 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Expeditors International of Washington by 3.9% in the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock valued at $310,000 after acquiring an additional 101 shares in the last quarter. Davidson Trust Co. lifted its position in shares of Expeditors International of Washington by 3.2% in the third quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 113 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Expeditors International of Washington by 1.4% during the third quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 115 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other 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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