Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $132.00 at Bank of America

Expeditors International of Washington (NASDAQ:EXPD) had its price objective increased by Bank of America from $131.00 to $132.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a neutral rating in a research note on Wednesday, July 3rd. TD Cowen upped their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a hold rating in a report on Wednesday, May 8th. BNP Paribas upgraded shares of Expeditors International of Washington from an underperform rating to a neutral rating and set a $112.00 price target on the stock in a report on Tuesday, May 14th. Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a hold rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an underweight rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of Hold and an average target price of $113.56.

Expeditors International of Washington Trading Up 0.7 %

Shares of EXPD opened at $124.84 on Monday. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.17. The company has a market cap of $17.63 billion, a P/E ratio of 26.45, a P/E/G ratio of 5.28 and a beta of 0.98. The company’s fifty day simple moving average is $122.33 and its 200-day simple moving average is $121.27.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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 net margin of 7.81% and a return on equity of 28.89%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was down 14.9% on a year-over-year basis. Analysts predict that Expeditors International of Washington will post 4.99 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.73 per share. This represents a yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Insiders Place Their Bets

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. 0.69% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently modified their holdings of EXPD. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares in the last quarter. Norges Bank purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $74,763,000. TD Asset Management Inc raised its position in shares of Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after purchasing an additional 296,186 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Expeditors International of Washington by 8,732.2% in the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after purchasing an additional 222,846 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $23,178,000. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

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.