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

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $109.43 and last traded at $109.99, with a volume of 53098 shares traded. The stock had previously closed at $111.42.

Analyst Ratings Changes

EXPD has been the topic of a number of recent analyst reports. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Barclays lifted 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. Finally, TD Cowen upped 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. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Stock Performance

The stock has a market capitalization of $15.51 billion, a PE ratio of 21.60, a P/E/G ratio of 3.42 and a beta of 0.97. The stock's 50-day moving average price is $118.73 and its two-hundred day moving average price is $121.38.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business's revenue for the quarter was up 37.0% on a year-over-year basis. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed 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. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington's payout ratio is 28.46%.

Insiders Place Their Bets

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 shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of 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. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter worth about $4,363,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Expeditors International of Washington by 58.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock worth $3,439,000 after buying an additional 10,202 shares during the last quarter. Finally, Vest Financial LLC lifted its stake in Expeditors International of Washington by 34.3% during the 2nd quarter. Vest Financial LLC now owns 398,061 shares of the transportation company's stock valued at $49,674,000 after acquiring an additional 101,710 shares during the period. Institutional investors own 94.02% of the company's stock.

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.