Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Recommendation of “Reduce” from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has been given an average rating of “Reduce” by the twelve research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $128.7778.

Several analysts recently commented on the company. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus boosted their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Finally, Truist Financial boosted their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th.

Expeditors International of Washington Stock Down 0.0%

Shares of EXPD opened at $138.41 on Friday. The company has a 50-day moving average price of $123.83 and a two-hundred day moving average price of $118.39. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $142.09.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.77 dividend. This represents a dividend yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. This represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in EXPD. Schonfeld Strategic Advisors LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth about $15,203,000. Creative Planning increased its holdings in shares of Expeditors International of Washington by 18.3% in the third quarter. Creative Planning now owns 35,514 shares of the transportation company’s stock valued at $4,354,000 after purchasing an additional 5,492 shares in the last quarter. Credit Agricole S A bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $1,485,000. Raymond James Financial Inc. raised its position in Expeditors International of Washington by 47.1% in the 3rd quarter. Raymond James Financial Inc. now owns 534,898 shares of the transportation company’s stock worth $65,573,000 after purchasing an additional 171,240 shares during the last quarter. Finally, Caisse de depot et placement du Quebec lifted its holdings in Expeditors International of Washington by 59.4% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock worth $131,291,000 after buying an additional 399,250 shares in the last quarter. Institutional investors 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.