Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Robert Paul Carlile Sells 3,000 Shares

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $118.51 on Friday. The firm has a market capitalization of $16.59 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.42 and a beta of 0.97. The stock has a 50 day moving average price of $120.45 and a 200-day moving average price of $122.11. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s payout ratio is currently 28.46%.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas bought a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $2,182,000. American Trust bought a new position in Expeditors International of Washington during the 3rd quarter valued at approximately $203,000. Franklin Resources Inc. raised its stake in Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares during the last quarter. Synovus Financial Corp boosted its holdings in Expeditors International of Washington by 98.2% in the third quarter. Synovus Financial Corp now owns 6,975 shares of the transportation company’s stock worth $917,000 after acquiring an additional 3,456 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington in the third quarter worth $57,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on EXPD shares. TD Cowen increased their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $118.44.

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.