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

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned a consensus recommendation of “Reduce” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $111.88.

Several analysts have issued reports on EXPD shares. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Bank of America increased their price objective on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Finally, BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a research report on Tuesday, May 14th.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $121.32 on Wednesday. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17. The company’s 50 day moving average price is $120.09 and its 200 day moving average price is $121.85. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 5.81 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $1.45 earnings per share. Expeditors International of Washington’s revenue for the quarter was down 14.9% on a year-over-year basis. Sell-side analysts forecast that Expeditors International of Washington will post 4.89 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is currently 30.93%.

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Expeditors International of Washington by 19.4% in the second quarter. GAMMA Investing LLC now owns 3,010 shares of the transportation company’s stock valued at $376,000 after buying an additional 489 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Expeditors International of Washington by 22.7% in the second quarter. Kathmere Capital Management LLC now owns 2,792 shares of the transportation company’s stock valued at $355,000 after buying an additional 517 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Expeditors International of Washington by 0.8% in the second quarter. Confluence Investment Management LLC now owns 192,247 shares of the transportation company’s stock valued at $23,990,000 after buying an additional 1,595 shares during the last quarter. Soltis Investment Advisors LLC lifted its stake in Expeditors International of Washington by 122.2% in the first quarter. Soltis Investment Advisors LLC now owns 5,086 shares of the transportation company’s stock valued at $618,000 after buying an additional 2,797 shares during the last quarter. Finally, Boston Partners lifted its stake in Expeditors International of Washington by 2.4% in the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares during the last quarter. 94.02% of the stock is currently owned by 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.