Expeditors International of Washington (NASDAQ:EXPD) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Several other equities research analysts have also recently weighed in on the stock. Barclays upped 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 report on Wednesday, November 6th. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Stifel Nicolaus decreased their price objective 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, January 23rd. Finally, 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 report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.44.

Expeditors International of Washington Stock Down 1.0 %

Shares of NASDAQ:EXPD opened at $114.21 on Tuesday. The business’s 50 day moving average is $115.16 and its 200 day moving average is $119.53. The stock has a market cap of $15.99 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. Expeditors International of Washington has a 52-week low of $108.36 and a 52-week 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 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, sell-side analysts anticipate that Expeditors International of Washington will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given 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 is presently 28.46%.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of EXPD. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the third quarter valued at $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington in the third quarter valued at $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP raised its stake in shares of Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after buying an additional 426 shares during the last quarter. 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.