Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Rating of “Hold” by Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $137.30.

A number of research analysts have recently commented on EXPD shares. Susquehanna upped their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, UBS Group upped their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently modified their holdings of the company. DV Trading LLC purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $215,000. Wellington Grp LLC grew its holdings in shares of Expeditors International of Washington by 9.8% during the 1st quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock worth $917,000 after purchasing an additional 569 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Expeditors International of Washington by 348.8% during the 1st quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock worth $2,058,000 after purchasing an additional 11,169 shares during the period. Kentucky Retirement Systems grew its holdings in shares of Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after purchasing an additional 8,367 shares during the period. Finally, Strategic Investment Advisors MI grew its holdings in shares of Expeditors International of Washington by 9.4% during the 1st quarter. Strategic Investment Advisors MI now owns 7,553 shares of the transportation company’s stock worth $1,082,000 after purchasing an additional 647 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $160.41 on Wednesday. Expeditors International of Washington has a 12 month low of $110.48 and a 12 month high of $167.19. The company has a 50-day moving average of $151.33 and a 200-day moving average of $151.26. The company has a market cap of $20.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the prior year, the company posted $1.47 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

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.