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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been given a consensus recommendation of “Reduce” by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $117.44.

EXPD has been the topic of several recent analyst reports. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Bank of America dropped their price objective on 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 lifted 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 upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut 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.

Expeditors International of Washington Stock Performance

EXPD stock opened at $114.27 on Friday. The stock has a market capitalization of $16.00 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.82 and a beta of 0.99. The company has a fifty day moving average of $115.47 and a 200-day moving average of $119.67. Expeditors International of Washington has a one year low of $108.36 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $1.16 EPS. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. 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 company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 28.46%.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington 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 completion of the sale, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP raised its stake in Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after purchasing an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after buying an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock worth $42,295,000 after buying an additional 308,390 shares during the period. KBC Group NV boosted its holdings in Expeditors International of Washington by 836.7% in the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company’s stock valued at $37,629,000 after acquiring an additional 303,438 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Expeditors International of Washington by 15,046.0% during the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock valued at $35,067,000 after acquiring an additional 265,111 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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.