Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given a consensus recommendation of “Reduce” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $115.90.

A number of research analysts have recently issued reports on EXPD shares. BNP Paribas upgraded shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Robert W. Baird upped their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a research report on Thursday. Finally, Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the 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 transaction, the director now 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 SEC, which is accessible through the SEC website. In other news, Director Mark A. Emmert sold 8,100 shares of the 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 completion of the sale, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the 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 sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Boston Partners lifted its position in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after buying an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.3% in the 1st quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock worth $327,634,000 after buying an additional 8,282 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Expeditors International of Washington by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after buying an additional 115,978 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Expeditors International of Washington by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock worth $204,765,000 after buying an additional 20,272 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after buying an additional 1,351,630 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $126.39 on Friday. The company has a 50-day simple moving average of $123.07 and a 200-day simple moving average of $121.26. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 5.33 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.21 billion for 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 business’s revenue was down 14.9% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington will post 4.99 EPS 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. Investors of record on Monday, June 3rd were paid a dividend of $0.73 per share. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Expeditors International of Washington Company Profile

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.