Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Recommendation of "Reduce" from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have been assigned a consensus rating of "Reduce" from the eleven analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $117.11.

A number of brokerages have issued reports on EXPD. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Finally, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Expeditors International of Washington by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock worth $159,595,000 after buying an additional 85,393 shares during the last quarter. Blair William & Co. IL grew its position in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after acquiring an additional 95 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Expeditors International of Washington by 1.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 61,105 shares of the transportation company's stock valued at $7,625,000 after acquiring an additional 711 shares during the period. Canada Pension Plan Investment Board raised its position in Expeditors International of Washington by 6.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 37,663 shares of the transportation company's stock valued at $4,700,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Expeditors International of Washington by 5.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 143,656 shares of the transportation company's stock worth $17,923,000 after purchasing an additional 7,335 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $0.93 during mid-day trading on Friday, reaching $110.28. 1,701,693 shares of the company were exchanged, compared to its average volume of 826,412. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 3.18 and a beta of 0.99. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59. The firm's 50-day simple moving average is $116.06 and its 200 day simple moving average is $119.93.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company's quarterly revenue was up 37.0% on a year-over-year basis. During the same period last year, the business posted $1.16 earnings per share. On average, research analysts forecast that Expeditors International of Washington will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is 28.46%.

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.