Expeditors International of Washington (NASDAQ:EXPD) Hits New 1-Year High – What’s Next?

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $152.57 and last traded at $152.4940, with a volume of 205297 shares trading hands. The stock had previously closed at $151.35.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXPD shares. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Finally, Morgan Stanley raised their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $128.20.

Expeditors International of Washington Price Performance

The company has a market cap of $20.60 billion, a P/E ratio of 26.86, a PEG ratio of 5.00 and a beta of 1.15. The stock has a 50-day moving average of $132.33 and a 200 day moving average of $122.62.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.77 per share. The ex-dividend date is Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is presently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 completion of the transaction, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

A number of institutional investors have recently added to or reduced their stakes in EXPD. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the last quarter. Community Bank N.A. acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $34,000. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington during the 2nd quarter worth $34,000. Finally, Ransom Advisory Ltd acquired a new position in Expeditors International of Washington in the 1st quarter worth about $41,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.