Expeditors International of Washington (NASDAQ:EXPD) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Expeditors International of Washington (NASDAQ:EXPD) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently commented on EXPD. Barclays upped their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday. TD Cowen raised their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $166.00 in a report on Monday, November 17th. Finally, Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD opened at $163.21 on Wednesday. The stock’s 50 day moving average is $149.30 and its two-hundred day moving average is $129.91. The firm has a market capitalization of $21.87 billion, a PE ratio of 28.53, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $164.48.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington during the second quarter worth $34,000. Community Bank N.A. acquired a new stake in Expeditors International of Washington during the third quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in Expeditors International of Washington in the second quarter valued at about $43,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Expeditors International of Washington in the 3rd quarter worth about $43,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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.