Expeditors International of Washington (NASDAQ:EXPD) Director Mark Emmert Sells 5,400 Shares

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Mark Emmert sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Expeditors International of Washington Trading Up 2.2%

Expeditors International of Washington stock opened at $140.43 on Tuesday. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm’s fifty day moving average price is $122.37 and its two-hundred day moving average price is $117.66. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $141.79.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.77 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 113.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

Institutional Trading of Expeditors International of Washington

A number of large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $111,222,000. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares during the last quarter. Invesco Ltd. lifted its holdings in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after purchasing an additional 576,468 shares during the last quarter. Boston Partners boosted its position in Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after purchasing an additional 482,814 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group boosted their price objective on Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Truist Financial upped their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $128.78.

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.