Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Consensus Rating of “Reduce” by Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received a consensus rating of “Reduce” from the eleven research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $118.44.

Several brokerages recently commented on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays boosted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $121.64 on Friday. Expeditors International of Washington has a 52 week low of $111.20 and a 52 week high of $131.59. The stock has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.44 and a beta of 0.98. The stock has a fifty day moving average of $121.71 and a 200-day moving average of $121.89.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 earnings per share. On average, research analysts forecast that Expeditors International of Washington will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company’s stock valued at $346,559,000 after purchasing an additional 82,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares in the last quarter. Marshfield Associates raised its stake in Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the period. ProShare Advisors LLC boosted its holdings in Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock worth $197,538,000 after acquiring an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Expeditors International of Washington by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company’s stock valued at $159,595,000 after acquiring an additional 85,393 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.