Insider Selling: Expeditors International of Washington (EXPD) Insider Sells 30,000 Shares of Stock

Expeditors International of Washington (NASDAQ:EXPD) insider Jeffrey S. Musser sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $75.95, for a total value of $2,278,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

EXPD stock opened at $74.30 on Friday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 2.92 and a beta of 0.79. Expeditors International of Washington has a 1 year low of $59.10 and a 1 year high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.14. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. Expeditors International of Washington’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. Equities research analysts expect that Expeditors International of Washington will post 3.24 earnings per share for the current fiscal year.



The business also recently declared a semiannual dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.45 dividend. The ex-dividend date is Friday, November 30th. This represents a yield of 1.23%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.42. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 36.29%.

Hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $113,000. Fort L.P. acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at about $118,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Expeditors International of Washington by 104.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 1,061 shares in the last quarter. MainStreet Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $198,000. Finally, Summit Asset Management LLC acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $200,000. 93.58% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on EXPD shares. Deutsche Bank set a $72.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a report on Thursday, September 27th. BidaskClub upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Finally, Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $69.56.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Expeditors International of Washington (EXPD) Insider Sells 30,000 Shares of Stock” was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://dakotafinancialnews.com/2018/12/07/insider-selling-expeditors-international-of-washington-expd-insider-sells-30000-shares-of-stock.html.

About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Insider Buying and Selling by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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