Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) PT at $113.89

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given a consensus rating of “Reduce” by the twelve ratings firms that are covering the company, Marketbeat.com reports. Five 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 brokers that have issued ratings on the stock in the last year is $113.89.

EXPD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. UBS Group cut their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Truist Financial increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. Finally, Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock valued at $19,343,000 after buying an additional 56,008 shares during the period. State of Alaska Department of Revenue increased its holdings in Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock worth $1,971,000 after purchasing an additional 430 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Expeditors International of Washington by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock worth $667,000 after purchasing an additional 834 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $200,000. Finally, DAVENPORT & Co LLC purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $203,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $113.42 on Friday. The company’s fifty day moving average price is $114.31 and its 200-day moving average price is $113.54. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a one year low of $100.47 and a one year high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.77 dividend. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington’s payout ratio is currently 25.58%.

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.