Expeditors International of Washington (NASDAQ:EXPD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a hold rating to a buy rating in a report issued on Tuesday.

A number of other equities research analysts have also recently issued reports on EXPD. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America cut 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 research note on Thursday, January 16th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, TD Cowen raised their target price 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.44.

Expeditors International of Washington Stock Performance

EXPD opened at $114.21 on Tuesday. The company has a fifty day moving average of $115.16 and a two-hundred day moving average of $119.53. 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 $15.99 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 EPS. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. The ex-dividend date was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after acquiring an additional 257,791 shares during the period. Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Expeditors International of Washington by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after buying an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after buying an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Expeditors International of Washington by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after buying an additional 9,007 shares during the last quarter. Hedge funds and other 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.