Expeditors International of Washington (NASDAQ:EXPD) Hits New 1-Year Low - Here's Why

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $111.05 and last traded at $111.48, with a volume of 2354287 shares. The stock had previously closed at $112.74.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXPD. TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on 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. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Stock Performance

The firm has a market cap of $15.60 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.42 and a beta of 0.97. The firm's fifty day simple moving average is $119.98 and its 200 day simple moving average is $121.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The company's revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company's stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock worth $346,559,000 after purchasing an additional 82,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. Marshfield Associates boosted its position in Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock valued at $238,889,000 after buying an additional 6,878 shares during the period. ProShare Advisors LLC grew its stake in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock worth $197,538,000 after acquiring an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Expeditors International of Washington by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock worth $159,595,000 after acquiring an additional 85,393 shares during the period. 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.