Expeditors International of Washington (NASDAQ:EXPD) Sets New 52-Week High – What’s Next?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price reached a new 52-week high on Monday . The stock traded as high as $141.12 and last traded at $141.26, with a volume of 572497 shares trading hands. The stock had previously closed at $137.43.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXPD shares. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. TD Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. UBS Group raised their target price on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Price Performance

The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 5.00 and a beta of 1.09. The stock has a fifty day moving average of $121.97 and a two-hundred day moving average of $117.46.

Expeditors International of Washington Announces Dividend

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

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors have recently added to or reduced their stakes in EXPD. Brown Advisory Inc. increased its holdings in Expeditors International of Washington by 2.4% in the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after acquiring an additional 246 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Expeditors International of Washington by 23.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 19,305 shares of the transportation company’s stock worth $2,321,000 after buying an additional 3,678 shares in the last quarter. Alps Advisors Inc. lifted its stake in Expeditors International of Washington by 29.6% during the first quarter. Alps Advisors Inc. now owns 13,927 shares of the transportation company’s stock worth $1,675,000 after purchasing an additional 3,180 shares during the last quarter. Cerity Partners LLC grew its position in Expeditors International of Washington by 4.2% during the first quarter. Cerity Partners LLC now owns 76,729 shares of the transportation company’s stock valued at $9,227,000 after acquiring an additional 3,124 shares during the last quarter. Finally, Xponance Inc. lifted its stake in Expeditors International of Washington by 0.7% in the first quarter. Xponance Inc. now owns 21,751 shares of the transportation company’s stock worth $2,616,000 after purchasing an additional 153 shares during the last quarter. 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.