Expeditors International of Washington (NASDAQ:EXPD) Research Coverage Started at Robert W. Baird

Robert W. Baird started coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $124.00 target price on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the stock. Barclays decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. Truist Financial upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Monday. TD Cowen dropped their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, May 7th. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.22.

Expeditors International of Washington Stock Down 0.7%

Shares of Expeditors International of Washington stock opened at $118.30 on Tuesday. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $131.59. The company’s 50 day moving average is $113.16 and its 200 day moving average is $113.29. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.77 dividend. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio is currently 25.58%.

Institutional Investors Weigh In On Expeditors International of Washington

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Expeditors International of Washington in the first quarter worth approximately $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. boosted its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares during the period. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the 1st quarter worth $30,000. Finally, Garde Capital Inc. purchased a new stake in Expeditors International of Washington in the 1st quarter worth $37,000. 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.