Expeditors International of Washington (NASDAQ:EXPD) Raised 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.

Several other equities research analysts also recently issued reports on the stock. Barclays raised their target price on shares of 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. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Bank of America cut their price target on 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. Finally, 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 report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.44.

Expeditors International of Washington Stock Down 0.5 %

NASDAQ:EXPD opened at $113.76 on Tuesday. Expeditors International of Washington has a twelve month low of $108.36 and a twelve month high of $131.59. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. The stock’s 50 day moving average price is $114.93 and its two-hundred day moving average price is $119.45.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion for 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 firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, analysts anticipate that Expeditors International of Washington will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in shares of Expeditors International of Washington by 7.8% in the second quarter. Sei Investments Co. now owns 40,193 shares of the transportation company’s stock worth $5,015,000 after purchasing an additional 2,912 shares during the period. Public Sector Pension Investment Board increased its holdings in Expeditors International of Washington by 53.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,102 shares of the transportation company’s stock valued at $637,000 after buying an additional 1,773 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $1,989,000. AQR Capital Management LLC lifted its holdings in shares of Expeditors International of Washington by 42.2% during the 2nd quarter. AQR Capital Management LLC now owns 193,607 shares of the transportation company’s stock worth $24,160,000 after acquiring an additional 57,412 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Expeditors International of Washington by 3.9% during the 2nd quarter. Mackenzie Financial Corp now owns 38,649 shares of the transportation company’s stock worth $4,823,000 after acquiring an additional 1,438 shares in the last quarter. 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.