Expeditors International of Washington (NASDAQ:EXPD) saw a significant decrease in short interest in the month of April. As of April 28th, there was short interest totalling 11,144,553 shares, a decrease of 8.4% from the April 13th total of 12,162,125 shares. Based on an average daily volume of 1,295,461 shares, the short-interest ratio is currently 8.6 days.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded down 1.56% during midday trading on Wednesday, hitting $52.25. 1,803,159 shares of the company traded hands. Expeditors International of Washington has a 52 week low of $46.48 and a 52 week high of $57.74. The company has a 50-day moving average price of $55.45 and a 200-day moving average price of $54.33. The stock has a market capitalization of $9.41 billion, a P/E ratio of 22.33 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Analysts anticipate that Expeditors International of Washington will post $2.36 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.42 per share. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.40. The ex-dividend date is Tuesday, May 30th. This represents a yield of 1.54%. Expeditors International of Washington’s dividend payout ratio is presently 33.90%.

Several brokerages recently weighed in on EXPD. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Tuesday. Vertical Research reissued a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Wells Fargo & Co began coverage on shares of Expeditors International of Washington in a research report on Monday, March 13th. They set a “market perform” rating for the company. Cowen and Company reissued a “market perform” rating and set a $57.00 price target (up previously from $49.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 22nd. Finally, Credit Suisse Group AG reissued an “underperform” rating and set a $53.00 price target (up previously from $52.00) on shares of Expeditors International of Washington in a research report on Monday, March 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.20.

In other Expeditors International of Washington news, Director Michael J. Malone sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $56.09, for a total transaction of $1,233,980.00. Following the completion of the transaction, the director now owns 22,402 shares of the company’s stock, valued at $1,256,528.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Mcclincy sold 1,274 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $56.62, for a total transaction of $72,133.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,635 shares of company stock valued at $2,339,698. 0.86% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its position in shares of Expeditors International of Washington by 0.3% in the third quarter. Great West Life Assurance Co. Can now owns 170,171 shares of the transportation company’s stock worth $8,757,000 after buying an additional 463 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Expeditors International of Washington by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,060 shares of the transportation company’s stock worth $1,446,000 after buying an additional 827 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Expeditors International of Washington during the third quarter worth about $565,000. Rothschild Asset Management Inc. raised its position in shares of Expeditors International of Washington by 32.8% in the third quarter. Rothschild Asset Management Inc. now owns 11,737 shares of the transportation company’s stock worth $605,000 after buying an additional 2,898 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of Expeditors International of Washington by 1.9% in the third quarter. World Asset Management Inc now owns 18,919 shares of the transportation company’s stock worth $975,000 after buying an additional 360 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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