Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Rating of “Strong Sell” by Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) has earned a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $101.00.

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Expeditors International of Washington from $90.00 to $95.00 in a research note on Wednesday, May 3rd. Wells Fargo & Company increased their price target on shares of Expeditors International of Washington from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 22nd. StockNews.com assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Morgan Stanley decreased their price target on shares of Expeditors International of Washington from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, April 4th.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $109.76, for a total transaction of $1,097,600.00. Following the completion of the transaction, the chief executive officer now owns 137,309 shares of the company’s stock, valued at $15,071,035.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Bradley S. Powell sold 12,138 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $118.01, for a total transaction of $1,432,405.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey S. Musser sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $109.76, for a total transaction of $1,097,600.00. Following the sale, the chief executive officer now directly owns 137,309 shares of the company’s stock, valued at approximately $15,071,035.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,036 shares of company stock valued at $2,871,599. 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. Vanguard Group Inc. increased its position in shares of Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after acquiring an additional 190,319 shares in the last quarter. Bank of America Corp DE boosted its holdings in Expeditors International of Washington by 16.2% in the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after purchasing an additional 488,561 shares during the last quarter. Boston Partners boosted its holdings in Expeditors International of Washington by 19.3% in the first quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock worth $335,370,000 after purchasing an additional 491,704 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Expeditors International of Washington by 2.7% in the fourth quarter. First Eagle Investment Management LLC now owns 2,752,069 shares of the transportation company’s stock worth $285,995,000 after purchasing an additional 71,855 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Expeditors International of Washington by 548.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,539,948 shares of the transportation company’s stock worth $44,987,000 after purchasing an additional 2,147,954 shares during the last quarter. Institutional investors own 93.26% of the company’s stock.

Expeditors International of Washington Trading Up 0.1 %

Expeditors International of Washington stock opened at $114.55 on Wednesday. The firm has a 50-day moving average of $110.37 and a 200-day moving average of $109.80. The firm has a market cap of $17.50 billion, a P/E ratio of 14.99 and a beta of 1.00. Expeditors International of Washington has a 1-year low of $86.08 and a 1-year high of $119.90.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.12. Expeditors International of Washington had a net margin of 8.25% and a return on equity of 37.24%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the business posted $2.05 earnings per share. Expeditors International of Washington’s revenue for the quarter was down 44.4% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington will post 5.42 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.69 per share. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.67. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a dividend yield of 1.1%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 17.54%.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.