Expeditors International of Washington (NASDAQ:EXPD) Short Interest Update

Expeditors International of Washington (NASDAQ:EXPD) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 5,110,800 shares, a drop of 6.4% from the May 30th total of 5,460,400 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 4.9 days. Currently, 3.0% of the shares of the stock are sold short.

EXPD opened at $74.15 on Friday. The stock’s fifty day simple moving average is $73.40. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14. Expeditors International of Washington has a 52 week low of $62.90 and a 52 week high of $80.69. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 21.31 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $0.76 EPS. Expeditors International of Washington’s revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington will post 3.45 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.50 per share. This represents a yield of 1.35%. The ex-dividend date was Friday, May 31st. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s payout ratio is currently 28.74%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXPD. Raymond James Financial Services Advisors Inc. grew its holdings in Expeditors International of Washington by 9.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,896 shares of the transportation company’s stock valued at $1,150,000 after buying an additional 1,494 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Expeditors International of Washington by 7.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,663 shares of the transportation company’s stock valued at $2,019,000 after buying an additional 2,083 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Expeditors International of Washington by 9.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,087 shares of the transportation company’s stock valued at $4,023,000 after buying an additional 5,158 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Expeditors International of Washington by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 783,510 shares of the transportation company’s stock valued at $53,342,000 after buying an additional 63,911 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Expeditors International of Washington by 2.0% in the 4th quarter. Stifel Financial Corp now owns 124,253 shares of the transportation company’s stock valued at $8,478,000 after buying an additional 2,477 shares in the last quarter. 92.30% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Cowen reaffirmed a “buy” rating and set a $149.00 target price on shares of Intercept Pharmaceuticals in a report on Wednesday, May 8th. Stifel Nicolaus set a $73.00 target price on shares of Expeditors International of Washington and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.29.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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