Expeditors International of Washington (NASDAQ:EXPD) Price Target Cut to $117.00 by Analysts at UBS Group

Expeditors International of Washington (NASDAQ:EXPD) had its target price reduced by UBS Group from $128.00 to $117.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on EXPD. Truist Financial decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Barclays cut their price target on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.70.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $107.95 on Wednesday. Expeditors International of Washington has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market capitalization of $14.87 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a 50 day simple moving average of $113.13 and a 200-day simple moving average of $115.02.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.52%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $26,000. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $25,000. SRS Capital Advisors Inc. increased its position in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth $37,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $39,000. Hedge funds and other 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.