Truist Financial Initiates Coverage on Expeditors International of Washington (NASDAQ:EXPD)

Truist Financial began coverage on shares of Expeditors International of Washington (NASDAQ:EXPD - Free Report) in a report published on Thursday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $110.00 price objective on the transportation company's stock.

Several other research firms have also recently weighed in on EXPD. UBS Group lowered their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America lowered their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $115.90.

Remove Ads

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $1.86 during mid-day trading on Thursday, hitting $117.01. 1,316,351 shares of the company's stock traded hands, compared to its average volume of 1,163,504. The firm has a 50 day simple moving average of $114.45 and a two-hundred day simple moving average of $118.16. Expeditors International of Washington has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 5.00 and a beta of 1.00.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.69% of the stock is currently owned by insiders.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Colonial Trust Co SC boosted its holdings in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $42,000. 94.02% of the stock is currently 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.