Stifel Nicolaus Increases Expeditors International of Washington (NASDAQ:EXPD) Price Target to $114.00

Expeditors International of Washington (NASDAQ:EXPD) had its price objective lifted by Stifel Nicolaus from $112.00 to $114.00 in a report issued on Thursday, Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. TD Cowen upped their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a hold rating in a research note on Wednesday, May 8th. BNP Paribas upgraded Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. Bank of America started coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a neutral rating and a $126.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an underweight rating in a research note on Tuesday, April 9th. Finally, Susquehanna boosted their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of Hold and a consensus target price of $111.25.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $117.96 on Thursday. The firm’s 50 day moving average price is $117.03 and its two-hundred day moving average price is $120.95. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 6.40 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. Expeditors International of Washington’s quarterly revenue was down 14.9% on a year-over-year basis. On average, research analysts forecast that Expeditors International of Washington will post 4.82 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Insider Buying and Selling

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC grew its stake in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after acquiring an additional 80 shares during the last quarter. IMPACTfolio LLC grew its position in Expeditors International of Washington by 4.4% in the 4th quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after purchasing an additional 82 shares during the last quarter. Blackhawk Capital Partners LLC. increased its holdings in shares of Expeditors International of Washington by 2.2% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock worth $505,000 after purchasing an additional 94 shares during the period. Wealthsource Partners LLC raised its position in shares of Expeditors International of Washington by 3.3% during the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after buying an additional 95 shares during the last quarter. Finally, Cape ANN Savings Bank lifted its stake in shares of Expeditors International of Washington by 2.9% in the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares during the period. 94.02% of the stock is owned by institutional investors.

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.