Expeditors International of Washington (NASDAQ:EXPD) Reaches New 1-Year High on Analyst Upgrade

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high during mid-day trading on Monday after UBS Group upgraded the stock from a neutral rating to a buy rating. UBS Group now has a $166.00 price target on the stock, up from their previous price target of $138.00. Expeditors International of Washington traded as high as $142.42 and last traded at $142.1870, with a volume of 685449 shares. The stock had previously closed at $138.42.

Several other research analysts also recently issued reports on the company. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. TD Cowen increased their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Barclays raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.89.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction that occurred 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 directly owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Several institutional investors have recently made changes to their positions in EXPD. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after acquiring an additional 918,108 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Expeditors International of Washington by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after purchasing an additional 83,366 shares during the period. Boston Partners increased its position in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares in the last quarter. Invesco Ltd. raised its holdings in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after buying an additional 576,468 shares during the period. Finally, First Trust Advisors LP raised its holdings in Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after buying an additional 335,578 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

The business’s 50-day simple moving average is $123.83 and its two-hundred day simple moving average is $118.52. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

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

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.