Expeditors International of Washington (NASDAQ:EXPD) Sets New 12-Month High – Should You Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares hit a new 52-week high on Thursday . The stock traded as high as $152.57 and last traded at $152.4940, with a volume of 205297 shares trading hands. The stock had previously closed at $151.35.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Truist Financial increased their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a report on Wednesday, November 5th. Finally, Morgan Stanley increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $128.20.

Expeditors International of Washington Stock Performance

The stock has a fifty day simple moving average of $132.33 and a two-hundred day simple moving average of $122.62. The stock has a market cap of $20.60 billion, a PE ratio of 26.86, a PEG ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.77 per share. This represents a yield of 105.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director directly owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

A number of hedge funds have recently bought and sold shares of EXPD. State Street Corp raised its position in shares of Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 17.1% in the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after buying an additional 918,108 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in Expeditors International of Washington by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after acquiring an additional 83,366 shares in the last quarter. Boston Partners boosted its stake in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Expeditors International of Washington by 19.3% during the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

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.