Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $126.00 at Robert W. Baird

Expeditors International of Washington (NASDAQ:EXPD) had its target price lifted by Robert W. Baird from $118.00 to $126.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Several other analysts have also recently weighed in on the company. TD Cowen raised their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a hold rating in a report on Wednesday, May 8th. Wolfe Research raised shares of Expeditors International of Washington from an underperform rating to a peer perform rating in a research note on Tuesday, May 28th. Bank of America boosted their price target on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a neutral rating in a research note on Wednesday, June 12th. Stifel Nicolaus raised their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a hold rating in a research report on Thursday, May 23rd. Finally, Susquehanna upped their target price on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $113.44.

Expeditors International of Washington Trading Up 2.2 %

Shares of NASDAQ:EXPD opened at $123.85 on Wednesday. The company has a 50 day moving average of $120.31 and a 200 day moving average of $121.87. The stock has a market cap of $17.49 billion, a P/E ratio of 26.24, a P/E/G ratio of 5.81 and a beta of 0.98. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s revenue for the quarter was down 14.9% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.73 per share. This represents a yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Insider Transactions at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Expeditors International of Washington by 19.4% during the second quarter. GAMMA Investing LLC now owns 3,010 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 489 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in Expeditors International of Washington by 22.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 2,792 shares of the transportation company’s stock worth $355,000 after purchasing an additional 517 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.8% in the 2nd quarter. Confluence Investment Management LLC now owns 192,247 shares of the transportation company’s stock worth $23,990,000 after purchasing an additional 1,595 shares during the period. Soltis Investment Advisors LLC boosted its stake in shares of Expeditors International of Washington by 122.2% during the 1st quarter. Soltis Investment Advisors LLC now owns 5,086 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 2,797 shares in the last quarter. Finally, Boston Partners increased its position in shares of Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after buying an additional 67,800 shares during the period. 94.02% of the stock is currently owned by institutional investors.

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.