Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $136.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target lifted by Stifel Nicolaus from $130.00 to $136.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on EXPD. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a research report on Wednesday, November 5th. Truist Financial boosted their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average price target of $128.80.

Expeditors International of Washington Stock Up 0.7%

Shares of NASDAQ EXPD opened at $150.74 on Tuesday. The stock’s fifty day simple moving average is $135.89 and its 200 day simple moving average is $124.15. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 5.00 and a beta of 1.15. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $155.04.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.77 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Insider Activity at Expeditors International of Washington

In other 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 shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board grew its position in shares of Expeditors International of Washington by 9.5% in the first quarter. Public Sector Pension Investment Board now owns 19,046 shares of the transportation company’s stock valued at $2,290,000 after purchasing an additional 1,659 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Expeditors International of Washington by 5.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 4,027 shares of the transportation company’s stock valued at $484,000 after buying an additional 218 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Expeditors International of Washington by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company’s stock worth $163,476,000 after buying an additional 36,312 shares during the period. American Century Companies Inc. increased its position in Expeditors International of Washington by 7.6% in the 1st quarter. American Century Companies Inc. now owns 245,936 shares of the transportation company’s stock worth $29,574,000 after buying an additional 17,334 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Expeditors International of Washington by 10.3% during the first quarter. Raymond James Financial Inc. now owns 367,134 shares of the transportation company’s stock worth $44,148,000 after buying an additional 34,325 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.