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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average recommendation of “Reduce” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $118.44.

Several research analysts recently issued reports on EXPD shares. TD Cowen increased their price target on shares of 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 increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th.

Expeditors International of Washington Trading Up 0.1 %

Expeditors International of Washington stock opened at $111.42 on Wednesday. The stock has a 50 day moving average of $118.73 and a two-hundred day moving average of $121.41. Expeditors International of Washington has a twelve month low of $109.95 and a twelve month high of $131.59. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.42 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the company posted $1.16 EPS. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 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 shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EXPD. Black Diamond Financial LLC increased its position in Expeditors International of Washington by 5.4% during the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after buying an additional 89 shares in the last quarter. Blair William & Co. IL increased its position in Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock worth $970,000 after purchasing an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC boosted its stake in shares of Expeditors International of Washington by 5.9% during the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after purchasing an additional 115 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

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.