Expeditors International of Washington (NASDAQ:EXPD) Sets New 52-Week Low - Should You Sell?

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $109.26 and last traded at $109.46, with a volume of 741022 shares trading hands. The stock had previously closed at $112.89.

Analysts Set New Price Targets

A number of research analysts recently commented on EXPD shares. Barclays increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. TD Cowen upped 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 report 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. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Stock Down 3.5 %

The business has a 50-day moving average price of $117.20 and a 200-day moving average price of $120.58. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 3.36 and a beta of 0.99.

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

Expeditors International of Washington Announces Dividend

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

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated 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 approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington in the 3rd quarter worth about $57,000. Maia Wealth LLC purchased a new position in Expeditors International of Washington during the third quarter worth approximately $59,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Expeditors International of Washington by 174.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock valued at $62,000 after purchasing an additional 300 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

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.