Expeditors International of Washington (NASDAQ:EXPD) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of Expeditors International of Washington (NASDAQ:EXPD) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a market perform rating on the transportation company’s stock.

A number of other research firms have also issued reports on EXPD. UBS Group lifted their price objective on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial upped their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $148.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $182.88 on Wednesday. The company has a market cap of $23.92 billion, a P/E ratio of 31.97, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a one year low of $110.48 and a one year high of $183.52. The business’s 50-day simple moving average is $163.27 and its 200 day simple moving average is $155.10.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 EPS. Analysts predict that Expeditors International of Washington will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is currently 26.21%.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors and hedge funds have recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after acquiring an additional 623 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares in the last quarter. Woodline Partners LP increased its position in shares of Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares during the last quarter. Focus Partners Wealth increased its position in shares of Expeditors International of Washington by 33.9% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Expeditors International of Washington by 29.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 255 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.