Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year High – What’s Next?

Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $168.17 and last traded at $167.59, with a volume of 532898 shares traded. The stock had previously closed at $164.71.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXPD shares. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Truist Financial cut their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. UBS Group upped their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Susquehanna increased their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Performance

The business’s 50 day simple moving average is $152.69 and its 200-day simple moving average is $151.79. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the business earned $1.47 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently bought and sold shares of EXPD. DV Trading LLC acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $215,000. Wellington Grp LLC boosted its stake in Expeditors International of Washington by 9.8% in the first quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock worth $917,000 after purchasing an additional 569 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Expeditors International of Washington by 348.8% in the first quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock valued at $2,058,000 after buying an additional 11,169 shares in the last quarter. Kentucky Retirement Systems grew its holdings in Expeditors International of Washington by 97.2% during the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after acquiring an additional 8,367 shares during the last quarter. Finally, Strategic Investment Advisors MI lifted its position in shares of Expeditors International of Washington by 9.4% during the first quarter. Strategic Investment Advisors MI now owns 7,553 shares of the transportation company’s stock worth $1,082,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.