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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average rating of “Reduce” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $118.44.

Several brokerages recently weighed in on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price objective 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.

Expeditors International of Washington Stock Up 0.1 %

EXPD opened at $111.42 on Wednesday. The firm has a market cap of $15.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.42 and a beta of 0.97. Expeditors International of Washington has a 52 week low of $109.95 and a 52 week high of $131.59. The business has a fifty day simple moving average of $118.73 and a 200-day simple moving average of $121.41.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. Sell-side analysts expect that Expeditors International of Washington will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Expeditors International of Washington by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock worth $152,559,000 after buying an additional 4,044 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $2,182,000. American Trust purchased a new position in shares of Expeditors International of Washington during the third quarter worth approximately $203,000. Franklin Resources Inc. increased its holdings in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after acquiring an additional 30,785 shares during the period. Finally, Synovus Financial Corp raised its position in Expeditors International of Washington by 98.2% in the 3rd quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company’s stock valued at $917,000 after purchasing an additional 3,456 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.