Expeditors International of Washington (NASDAQ:EXPD) Shares Gap Up to $118.65

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) gapped up prior to trading on Wednesday . The stock had previously closed at $118.65, but opened at $121.81. Expeditors International of Washington shares last traded at $120.11, with a volume of 37,133 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on EXPD. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research note on Tuesday, May 14th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Robert W. Baird boosted their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus raised their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.44.

Expeditors International of Washington Trading Up 1.9 %

The company has a 50-day moving average price of $120.99 and a 200 day moving average price of $121.68. The stock has a market capitalization of $17.07 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 4.93 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $25,000. Optiver Holding B.V. purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $27,000. CVA Family Office LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $35,000. BKM Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $37,000. Finally, Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $37,000. 94.02% of the stock is owned by institutional investors and hedge funds.

About Expeditors International of Washington

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.