Expeditors International of Washington (NASDAQ:EXPD) Now Covered by Analysts at Citizens Jmp

Citizens Jmp assumed coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a report issued on Wednesday, MarketBeat Ratings reports. The firm issued a market perform rating on the transportation company’s stock.

EXPD has been the subject of a number of other research reports. UBS Group raised their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Susquehanna increased their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $148.56.

Expeditors International of Washington Trading Down 0.3%

EXPD stock opened at $177.63 on Wednesday. The firm has a market capitalization of $23.23 billion, a PE ratio of 31.05, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 1-year low of $110.48 and a 1-year high of $179.45. The business’s 50 day simple moving average is $162.15 and its 200 day simple moving average is $154.70.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating 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%.During the same quarter in the prior year, the business posted $1.47 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXPD. Exchange Traded Concepts LLC boosted its stake in Expeditors International of Washington by 40.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock worth $10,807,000 after buying an additional 20,755 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $4,213,000. Arjuna Capital boosted its stake in shares of Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after purchasing an additional 6,471 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Expeditors International of Washington by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 207,392 shares of the transportation company’s stock valued at $32,703,000 after purchasing an additional 11,061 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Expeditors International of Washington by 153.5% during the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after purchasing an additional 17,969 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.