Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $132.00 at Bank of America

Expeditors International of Washington (NASDAQ:EXPD) had its target price lifted by Bank of America from $131.00 to $132.00 in a report published on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the transportation company’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an underweight rating in a research report on Tuesday, April 9th. Robert W. Baird lifted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a neutral rating in a research note on Wednesday, July 3rd. Susquehanna lifted their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a neutral rating in a research note on Wednesday, May 8th. BNP Paribas raised Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 price target on the stock in a research note on Tuesday, May 14th. Finally, TD Cowen lifted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a hold rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $113.56.

Expeditors International of Washington Trading Up 0.7 %

Shares of EXPD opened at $124.84 on Monday. The stock has a 50-day moving average price of $122.33 and a 200-day moving average price of $121.27. The company has a market cap of $17.63 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 5.28 and a beta of 0.98. Expeditors International of Washington has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, analysts predict that Expeditors International of Washington will post 4.99 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 30.93%.

Insider Activity

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $37,000. SG Americas Securities LLC boosted its holdings in Expeditors International of Washington by 75.0% in the fourth quarter. SG Americas Securities LLC now owns 8,106 shares of the transportation company’s stock worth $1,031,000 after acquiring an additional 3,475 shares in the last quarter. Wealthsource Partners LLC boosted its holdings in Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock worth $376,000 after acquiring an additional 95 shares in the last quarter. CVA Family Office LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth $35,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Expeditors International of Washington by 2.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,428 shares of the transportation company’s stock worth $3,234,000 after acquiring an additional 535 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

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.