Expeditors International of Washington (NASDAQ:EXPD) Sets New 12-Month Low – Here’s What Happened

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $109.26 and last traded at $109.46, with a volume of 741022 shares traded. The stock had previously closed at $112.89.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Trading Down 2.8 %

The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.99. The firm has a 50-day moving average of $117.20 and a 200 day moving average of $120.58.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Several institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP increased its holdings in shares of Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after acquiring an additional 399,800 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after purchasing an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Expeditors International of Washington by 2,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after purchasing an additional 308,390 shares during the period. International Assets Investment Management LLC lifted its position in shares of Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after buying an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.