Expeditors International of Washington (NASDAQ:EXPD) PT Raised to $132.00 at Bank of America

Expeditors International of Washington (NASDAQ:EXPD) had its price objective boosted by Bank of America from $131.00 to $132.00 in a report issued on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. BNP Paribas upgraded Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Wolfe Research upgraded shares of Expeditors International of Washington from an underperform rating to a peer perform rating in a research note on Tuesday, May 28th. TD Cowen increased their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a hold rating in a report on Thursday, May 23rd. Finally, Susquehanna lifted their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $113.56.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $123.97 on Monday. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.17. The company’s fifty day moving average price is $122.18 and its two-hundred day moving average price is $121.24.

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 the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. As a group, analysts anticipate that Expeditors International of Washington will post 4.99 EPS for the current year.

Expeditors International of Washington Increases Dividend

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

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 directly owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares in the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $74,763,000. TD Asset Management Inc raised its holdings in shares of Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after purchasing an additional 296,186 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 8,732.2% in the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after purchasing an additional 222,846 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in Expeditors International of Washington during the first quarter worth approximately $23,178,000. 94.02% of the stock is owned by institutional investors.

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.