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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been assigned an average rating of “Reduce” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $117.44.

EXPD has been the subject of a number of analyst reports. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Finally, 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.

Expeditors International of Washington Trading Down 1.1 %

Shares of NASDAQ EXPD opened at $113.01 on Friday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. The stock’s 50 day simple moving average is $115.33 and its 200 day simple moving average is $119.63. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 28.46%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Expeditors International of Washington

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington during the third quarter valued at about $4,363,000. Franklin Resources Inc. boosted its holdings in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the period. Pensionfund Sabic purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $1,329,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company’s stock valued at $3,439,000 after acquiring an additional 10,202 shares during the period. 94.02% of the stock is owned by institutional investors.

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.