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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned a consensus rating of “Reduce” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $118.44.

A number of research analysts recently weighed in on the stock. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th.

Expeditors International of Washington Stock Down 0.0 %

Shares of EXPD opened at $110.77 on Wednesday. The business has a 50-day simple moving average of $118.54 and a two-hundred day simple moving average of $121.28. Expeditors International of Washington has a 52 week low of $109.43 and a 52 week high of $131.59. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.42 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Hara Capital LLC bought a new position in Expeditors International of Washington during the 3rd quarter valued at about $26,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington during the second quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $57,000. Finally, Maia Wealth LLC purchased a new position in Expeditors International of Washington during the 3rd quarter valued at $59,000. Institutional investors 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.