Expeditors International of Washington, Inc. (NASDAQ:EXPD) Given Average Rating of “Hold” by Analysts

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $137.30.

A number of analysts have issued reports on the company. Susquehanna raised their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on 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. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th.

Expeditors International of Washington Stock Up 1.3%

EXPD opened at $155.53 on Friday. The firm has a market cap of $20.34 billion, a P/E ratio of 27.19, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52 week low of $109.90 and a 52 week high of $167.19. The business’s fifty day simple moving average is $146.74 and its 200 day simple moving average is $148.26.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. As a group, equities analysts expect that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.81 dividend. This represents a dividend yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently modified their holdings of the company. Gateway Wealth Partners LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth about $254,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Expeditors International of Washington by 14.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 22,158 shares of the transportation company’s stock valued at $3,174,000 after buying an additional 2,716 shares during the period. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $1,131,000. Waverly Advisors LLC raised its holdings in shares of Expeditors International of Washington by 31.8% during the 1st quarter. Waverly Advisors LLC now owns 2,589 shares of the transportation company’s stock valued at $371,000 after buying an additional 625 shares during the period. Finally, Entropy Technologies LP raised its holdings in shares of Expeditors International of Washington by 101.0% during the 1st quarter. Entropy Technologies LP now owns 9,887 shares of the transportation company’s stock valued at $1,416,000 after buying an additional 4,968 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

About Expeditors International of Washington

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.