Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives $128.20 Average PT from Analysts

by · The Markets Daily

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $128.80.

Several equities analysts have commented on EXPD shares. Truist Financial increased their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. 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. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Finally, Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price for the company in a report on Wednesday, November 5th.

Read Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Trading Down 1.0%

Shares of Expeditors International of Washington stock opened at $150.00 on Wednesday. The firm has a market cap of $20.10 billion, a PE ratio of 26.22, a PEG ratio of 5.00 and a beta of 1.15. The stock has a 50 day moving average of $134.61 and a 200 day moving average of $123.78. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $155.04.

Expeditors International of Washington Announces Dividend

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

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s 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 sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction 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 owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp grew its stake in Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after buying an additional 918,108 shares during the period. Loomis Sayles & Co. L P grew its position in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after buying an additional 83,366 shares in the last quarter. Boston Partners increased its stake in shares of Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after buying an additional 498,212 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after acquiring an additional 576,468 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

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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