Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of “Reduce” from Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given a consensus recommendation of “Reduce” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $113.44.

Several brokerages have recently issued reports on EXPD. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a research note on Tuesday, May 14th. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Robert W. Baird boosted their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Susquehanna boosted their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th.

Expeditors International of Washington Stock Performance

EXPD stock opened at $123.45 on Wednesday. The stock has a market capitalization of $17.44 billion, a P/E ratio of 26.15, a PEG ratio of 5.75 and a beta of 0.98. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17. The company has a 50 day moving average price of $120.73 and a two-hundred day moving average price of $121.80.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. Expeditors International of Washington’s revenue for the quarter was down 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. Research analysts forecast that Expeditors International of Washington will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is currently 30.93%.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at about $25,000. Optiver Holding B.V. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $27,000. CVA Family Office LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $35,000. BKM Wealth Management LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $37,000. Finally, Planned Solutions Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.