Shares of Expeditors International of Washington (NASDAQ:EXPD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.42 and last traded at $79.20, with a volume of 23408 shares traded. The stock had previously closed at $78.95.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Cowen reissued a “market perform” rating and set a $78.00 price target (up previously from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $77.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Credit Suisse Group increased their price target on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.57.

The stock has a market capitalization of $13.57 billion, a PE ratio of 23.02, a PEG ratio of 2.79 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.17. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Expeditors International of Washington will post 3.54 EPS for the current year.

In related news, VP Christopher J. Mcclincy sold 1,960 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $77.09, for a total transaction of $151,096.40. Following the sale, the vice president now directly owns 12,848 shares in the company, valued at $990,452.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel R. Wall sold 9,109 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $75.25, for a total transaction of $685,452.25. Following the sale, the insider now owns 40,079 shares in the company, valued at $3,015,944.75. The disclosure for this sale can be found here. Insiders have sold 26,183 shares of company stock worth $1,972,217 over the last 90 days. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division purchased a new position in Expeditors International of Washington in the first quarter valued at approximately $25,000. JOYN Advisors Inc. increased its stake in Expeditors International of Washington by 632.4% in the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 430 shares during the last quarter. CX Institutional purchased a new position in Expeditors International of Washington in the first quarter valued at approximately $50,000. Financial Gravity Companies Inc. purchased a new position in Expeditors International of Washington in the fourth quarter valued at approximately $53,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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About Expeditors International of Washington (NASDAQ:EXPD)

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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