Expeditors International of Washington (NASDAQ:EXPD) Stock Price Expected to Rise, Truist Financial Analyst Says

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by Truist Financial from $105.00 to $110.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other analysts also recently commented on EXPD. Barclays decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, May 7th. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. UBS Group reduced their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, TD Cowen reduced their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $114.22.

Expeditors International of Washington Stock Up 1.0%

EXPD stock opened at $119.19 on Monday. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a 50 day moving average of $113.02 and a two-hundred day moving average of $113.28.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.58%.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently made changes to their positions in the company. Boston Partners increased its position in shares of Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after purchasing an additional 987,233 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock worth $374,771,000 after purchasing an additional 57,736 shares in the last quarter. Invesco Ltd. increased its position in shares of Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Institutional investors and hedge funds 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.