Expeditors International of Washington (NASDAQ:EXPD) Stock Price Down 3.2%

Expeditors International of Washington, Inc. (NASDAQ:EXPD) dropped 3.2% on Monday . The stock traded as low as $119.46 and last traded at $119.46. Approximately 241,554 shares changed hands during trading, a decline of 81% from the average daily volume of 1,283,920 shares. The stock had previously closed at $123.45.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPD. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research report on Tuesday, May 14th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Bank of America raised their target price on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, Susquehanna raised their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.44.

Expeditors International of Washington Trading Up 1.7 %

The stock has a 50-day simple moving average of $121.16 and a 200 day simple moving average of $121.67. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 5.54 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was down 14.9% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 4.93 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is 30.93%.

Insider Activity

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Expeditors International of Washington by 71.9% in the fourth quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock valued at $29,009,000 after purchasing an additional 95,389 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of Expeditors International of Washington by 3.1% in the fourth quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock valued at $46,990,000 after purchasing an additional 11,000 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Expeditors International of Washington by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after purchasing an additional 13,811 shares in the last quarter. Prudential PLC grew its position in shares of Expeditors International of Washington by 80.5% in the fourth quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after purchasing an additional 39,321 shares in the last quarter. Finally, Stonebrook Private Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $3,201,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

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.