Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of “Hold” from Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received a consensus rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $153.7778.

Several analysts have recently weighed in on EXPD shares. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company 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, Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. Signaturefd LLC raised its holdings in Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 71 shares in the last quarter. Rossby Financial LCC raised its stake in shares of Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. lifted its position in shares of Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after purchasing an additional 83 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after purchasing an additional 95 shares during the last quarter. Finally, Hardy Reed LLC grew its stake in Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after purchasing an additional 95 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $177.74 on Thursday. Expeditors International of Washington has a 12 month low of $110.48 and a 12 month high of $183.52. The firm has a market capitalization of $23.25 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The business’s fifty day moving average price is $164.62 and its 200 day moving average price is $155.73.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (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%.During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Expeditors International of Washington will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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