Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Rating of "Reduce" from Analysts

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) have received a consensus recommendation of "Reduce" from the eleven brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $113.89.

A number of analysts have weighed in on the company. UBS Group cut their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, Wall Street Zen downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $1.87 during mid-day trading on Friday, reaching $112.42. 716,797 shares of the company were exchanged, compared to its average volume of 1,290,681. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59. The firm's 50-day simple moving average is $111.98 and its 200 day simple moving average is $114.44.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $107,863,000. Boston Partners boosted its position in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP increased its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after buying an additional 576,468 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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.