Expeditors International of Washington (NASDAQ:EXPD) Sets New 1-Year Low – Here’s Why

Expeditors International of Washington, Inc. (NASDAQ:EXPD) reached a new 52-week low during trading on Friday . The company traded as low as $109.26 and last traded at $109.46, with a volume of 741022 shares changing hands. The stock had previously closed at $112.89.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXPD. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. TD Cowen boosted their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 2.8 %

The firm has a 50 day simple moving average of $117.20 and a two-hundred day simple moving average of $120.58. The company has a market capitalization of $15.35 billion, a PE ratio of 21.38, a P/E/G ratio of 3.36 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. Research analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington’s payout ratio is 28.46%.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

Institutional Trading of Expeditors International of Washington

Several institutional investors and hedge funds have recently modified their holdings of EXPD. Black Diamond Financial LLC grew its holdings in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the last quarter. Lindenwold Advisors INC increased its position in Expeditors International of Washington by 0.7% during the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after purchasing an additional 114 shares in the last quarter. Finally, Guardian Wealth Advisors LLC raised its stake in Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other 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.