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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $138.80.

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. UBS Group boosted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Picton Mahoney Asset Management bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $1,041,000. Exchange Traded Concepts LLC raised its stake in shares of Expeditors International of Washington by 40.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after acquiring an additional 20,755 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $4,213,000. Natixis Advisors LLC raised its stake in shares of Expeditors International of Washington by 3.8% during the third quarter. Natixis Advisors LLC now owns 612,576 shares of the transportation company’s stock valued at $75,096,000 after acquiring an additional 22,356 shares in the last quarter. Finally, Arjuna Capital raised its stake in shares of Expeditors International of Washington by 37.0% during the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.6%

EXPD opened at $160.66 on Friday. The firm has a market cap of $21.01 billion, a P/E ratio of 28.09, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington has a 12 month low of $110.48 and a 12 month high of $168.52. The stock has a 50-day moving average of $156.97 and a 200 day moving average of $153.05.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. On average, research analysts forecast that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

About Expeditors International of Washington

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.