Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year High – Still a Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $152.57 and last traded at $152.4940, with a volume of 205297 shares changing hands. The stock had previously closed at $151.35.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPD. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price for the company in a research report on Wednesday, November 5th. Truist Financial lifted their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $128.20.

Expeditors International of Washington Stock Performance

The firm’s fifty day simple moving average is $133.50 and its 200 day simple moving average is $123.11. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is presently 25.12%.

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction dated Wednesday, November 5th. The stock was 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 approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Clifford Swan Investment Counsel LLC boosted its stake in shares of Expeditors International of Washington by 18.0% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock worth $8,136,000 after buying an additional 10,858 shares during the last quarter. American Century Companies Inc. raised its holdings in Expeditors International of Washington by 48.0% during the second quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock worth $41,593,000 after acquiring an additional 118,114 shares in the last quarter. Prudential Financial Inc. boosted its position in Expeditors International of Washington by 7.2% during the second quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock valued at $9,437,000 after purchasing an additional 5,537 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Expeditors International of Washington in the second quarter valued at approximately $21,493,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $3,359,000. Institutional investors and hedge funds 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.