Expeditors International of Washington (NASDAQ:EXPD) Upgraded to Hold at Baird R W

Baird R W upgraded shares of Expeditors International of Washington (NASDAQ:EXPD - Free Report) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also commented on EXPD. Truist Financial upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday. They issued a "neutral" rating and a $124.00 price objective on the stock. Barclays cut their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.48 on Tuesday, hitting $118.60. The stock had a trading volume of 286,836 shares, compared to its average volume of 1,244,182. The stock has a 50 day moving average of $113.02 and a 200 day moving average of $113.28. The firm has a market capitalization of $16.24 billion, a P/E ratio of 20.71, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new stake in Expeditors International of Washington in the 1st quarter worth approximately $26,000. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $25,000. SRS Capital Advisors Inc. raised its position in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Expeditors International of Washington during the first quarter valued at about $30,000. Finally, Garde Capital Inc. bought a new stake in Expeditors International of Washington in the 1st quarter worth approximately $37,000. Institutional investors own 94.02% of the company's stock.

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.