Expeditors International of Washington (NASDAQ:EXPD) Upgraded at Bank of America

Bank of America upgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from an underperform rating to a neutral rating in a report published on Wednesday, MarketBeat.com reports. Bank of America currently has $142.00 price target on the transportation company’s stock.

Several other brokerages have also commented on EXPD. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. UBS Group boosted their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Truist Financial lifted their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, TD Cowen raised their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $128.78.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded up $2.74 during mid-day trading on Wednesday, hitting $137.28. The company’s stock had a trading volume of 1,673,046 shares, compared to its average volume of 1,346,994. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $140.72. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 5.00 and a beta of 1.09. The business has a 50-day moving average price of $121.97 and a 200 day moving average price of $117.31.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s payout ratio is currently 25.12%.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On Expeditors International of Washington

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in shares of Expeditors International of Washington during the 1st quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington during the 2nd quarter valued at $34,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington in the 1st quarter valued at $41,000. Finally, Twin Tree Management LP bought a new stake in shares of Expeditors International of Washington during the first quarter worth $42,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Company Profile

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.