Expeditors International of Washington (NASDAQ:EXPD) Given New $136.00 Price Target at Stifel Nicolaus

Expeditors International of Washington (NASDAQ:EXPD) had its price objective lifted by Stifel Nicolaus from $130.00 to $136.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other research firms have also recently weighed in on EXPD. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a research report on Wednesday, November 5th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Morgan Stanley increased their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Finally, Truist Financial raised their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $128.80.

Expeditors International of Washington Trading Down 1.0%

NASDAQ:EXPD opened at $150.00 on Tuesday. The company has a 50-day moving average price of $134.61 and a 200-day moving average price of $123.78. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $155.04.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is currently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC boosted its holdings in Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after buying an additional 121 shares during the period. Community Bank N.A. purchased a new position in shares of Expeditors International of Washington in the third quarter valued at about $34,000. Atlantic Union Bankshares Corp bought a new position in shares of Expeditors International of Washington in the second quarter worth about $34,000. Ransom Advisory Ltd purchased a new stake in shares of Expeditors International of Washington during the first quarter worth about $41,000. Finally, Twin Tree Management LP purchased a new position in Expeditors International of Washington in the 1st quarter worth approximately $42,000. 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.