Robert W. Baird Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $126.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target upped by Robert W. Baird from $118.00 to $126.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Susquehanna increased their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a neutral rating in a report 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 for the company in a research report on Tuesday, May 14th. Bank of America raised their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the stock a neutral rating in a research report on Wednesday, June 12th. Wolfe Research raised shares of Expeditors International of Washington from an underperform rating to a peer perform rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus increased their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a hold rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of Hold and a consensus price target of $113.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $123.40 on Wednesday. The stock’s fifty day moving average price is $120.73 and its 200-day moving average price is $121.86. Expeditors International of Washington has a 1 year low of $107.03 and a 1 year high of $131.17. The company has a market cap of $17.43 billion, a P/E ratio of 26.14, a PEG ratio of 5.77 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Expeditors International of Washington will post 4.89 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

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

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction 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 owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington 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 completion of 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 Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Norges Bank purchased a new position in Expeditors International of Washington in the 4th quarter valued at approximately $74,763,000. TD Asset Management Inc raised its holdings in Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after acquiring an additional 296,186 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Expeditors International of Washington by 8,732.2% in the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after acquiring an additional 222,846 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $23,178,000. Hedge funds and other 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.