Expeditors International of Washington Inc. (NASDAQ:EXPD) declared a dividend on Wednesday, November 9th. Investors of record on Thursday, December 1st will be given a dividend of 0.40 per share on Thursday, December 15th. The ex-dividend date of this dividend is Tuesday, November 29th.

Expeditors International of Washington (NASDAQ:EXPD) opened at 53.11 on Monday. Expeditors International of Washington has a 52-week low of $40.41 and a 52-week high of $53.11. The company’s 50-day moving average is $51.04 and its 200-day moving average is $50.19. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 22.49 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Equities analysts predict that Expeditors International of Washington will post $2.35 earnings per share for the current year.

Dividend History for Expeditors International of Washington (NASDAQ:EXPD)

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A number of equities analysts have commented on the stock. Credit Suisse Group AG restated a “sell” rating and set a $46.00 price objective on shares of Expeditors International of Washington in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. Wolfe Research downgraded shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. Barclays PLC restated a “buy” rating on shares of Expeditors International of Washington in a research report on Wednesday, November 9th. Finally, Stifel Nicolaus upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $50.80.

In related news, Director Michael J. Malone sold 32,000 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $51.13, for a total value of $1,636,160.00. Following the sale, the director now directly owns 86,771 shares of the company’s stock, valued at approximately $4,436,601.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Malone sold 51,559 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $51.63, for a total transaction of $2,661,991.17. Following the completion of the sale, the director now directly owns 133,074 shares in the company, valued at $6,870,610.62. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Expeditors International of Washington by 290.8% in the second quarter. Janney Montgomery Scott LLC now owns 37,584 shares of the company’s stock worth $1,844,000 after buying an additional 27,966 shares during the last quarter. Comerica Bank boosted its stake in shares of Expeditors International of Washington by 56.5% in the second quarter. Comerica Bank now owns 90,701 shares of the company’s stock worth $4,631,000 after buying an additional 32,740 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Expeditors International of Washington by 15.3% in the second quarter. Public Sector Pension Investment Board now owns 34,581 shares of the company’s stock worth $1,696,000 after buying an additional 4,600 shares during the last quarter. National Pension Service boosted its stake in shares of Expeditors International of Washington by 10.6% in the second quarter. National Pension Service now owns 153,579 shares of the company’s stock worth $7,532,000 after buying an additional 14,674 shares during the last quarter. Finally, GAM Holding AG boosted its stake in shares of Expeditors International of Washington by 8.8% in the second quarter. GAM Holding AG now owns 136,170 shares of the company’s stock worth $6,678,000 after buying an additional 10,962 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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