Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $160.00

Expeditors International of Washington (NASDAQ:EXPD) had its target price raised by Truist Financial from $130.00 to $160.00 in a research report released on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other research analysts have also issued reports on the company. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Morgan Stanley upped their price target on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, TD Cowen lifted their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Price Performance

EXPD opened at $162.66 on Thursday. The firm has a 50 day simple moving average of $149.80 and a 200 day simple moving average of $130.33. Expeditors International of Washington has a fifty-two week low of $100.47 and a fifty-two week high of $164.48. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.77 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were 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 owned 6,151 shares of the company’s stock, valued at $825,279.67. This 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 the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Expeditors International of Washington

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aberdeen Group plc grew its holdings in shares of Expeditors International of Washington by 4.0% during the fourth quarter. Aberdeen Group plc now owns 160,305 shares of the transportation company’s stock worth $23,887,000 after buying an additional 6,238 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $235,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $278,000. Frank Rimerman Advisors LLC grew its stake in shares of Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares in the last quarter. Finally, Burns Matteson Capital Management LLC raised its holdings in shares of Expeditors International of Washington by 4.6% in the fourth quarter. Burns Matteson Capital Management LLC now owns 3,782 shares of the transportation company’s stock valued at $564,000 after purchasing an additional 165 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 is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.