Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – Still a Buy?

Expeditors International of Washington, Inc. (NASDAQ:EXPD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $168.17 and last traded at $167.59, with a volume of 532898 shares trading hands. The stock had previously closed at $164.71.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of recent research reports. Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Susquehanna lifted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Up 0.1%

The stock has a 50 day simple moving average of $153.60 and a two-hundred day simple moving average of $152.06. The stock has a market capitalization of $21.80 billion, a P/E ratio of 29.14, a P/E/G ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after purchasing an additional 32,063 shares during the last quarter. Marshfield Associates lifted its holdings in Expeditors International of Washington by 4.6% during the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after purchasing an additional 86,182 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

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.