Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Consensus Recommendation of “Reduce” from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received an average recommendation of “Reduce” from the twelve brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $134.10.

Several research firms have recently weighed in on EXPD. Truist Financial raised their target price on Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Morgan Stanley boosted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price objective for the company from $138.00 to $166.00 in a report on Monday, November 17th. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th.

Expeditors International of Washington Stock Up 1.0%

EXPD stock opened at $160.00 on Thursday. Expeditors International of Washington has a 52 week low of $100.47 and a 52 week high of $164.48. The firm has a 50-day simple moving average of $153.07 and a 200-day simple moving average of $132.71. The stock has a market capitalization of $21.44 billion, a P/E ratio of 27.97, a P/E/G ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.77 dividend. This represents a yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.12%.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the sale, the director directly owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

Several hedge funds have recently modified their holdings of EXPD. Geneos Wealth Management Inc. lifted its position in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares during the last quarter. eCIO Inc. acquired a new position in Expeditors International of Washington in the fourth quarter valued at $37,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at about $34,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington during the 2nd quarter worth approximately $34,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.