Stifel Nicolaus Cuts Expeditors International of Washington (NASDAQ:EXPD) Price Target to $117.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target reduced by Stifel Nicolaus from $122.00 to $117.00 in a research note released on Thursday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Barclays raised their price objective 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. TD Cowen increased their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Bank of America decreased their target price on shares of 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. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $117.44.

Expeditors International of Washington Stock Down 1.1 %

Shares of EXPD stock opened at $113.01 on Thursday. The stock has a 50-day simple moving average of $115.33 and a 200 day simple moving average of $119.63. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market capitalization of $15.82 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.81 and a beta of 0.99.

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, topping 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 quarter in the previous year, the company posted $1.16 EPS. The business’s revenue was up 37.0% compared to the same quarter last year. On average, sell-side 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 business also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company’s stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company 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 company. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at $57,000. Maia Wealth LLC bought a new stake in Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after buying an additional 300 shares during the last quarter. Finally, Quarry LP raised its holdings in Expeditors International of Washington by 315.6% during the second quarter. Quarry LP now owns 561 shares of the transportation company’s stock valued at $70,000 after buying an additional 426 shares in the last quarter. Institutional investors and hedge funds 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.