Short Interest in Expeditors International of Washington (NASDAQ:EXPD) Declines By 6.4%

Share on StockTwits

Expeditors International of Washington (NASDAQ:EXPD) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 5,110,800 shares, a drop of 6.4% from the May 30th total of 5,460,400 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is currently 4.9 days.

EXPD traded down $0.05 during trading on Monday, reaching $74.10. 4,882 shares of the company’s stock were exchanged, compared to its average volume of 1,033,046. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a 50 day moving average of $73.40. The company has a market cap of $12.75 billion, a P/E ratio of 21.29 and a beta of 0.91.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington will post 3.45 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.50 per share. The ex-dividend date was Friday, May 31st. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a dividend yield of 1.35%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.74%.

Several brokerages have commented on EXPD. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a report on Monday, May 20th. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. Cowen restated a “buy” rating and issued a $149.00 price objective on shares of Intercept Pharmaceuticals in a research note on Wednesday, May 8th. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $73.29.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 9.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,896 shares of the transportation company’s stock valued at $1,150,000 after buying an additional 1,494 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Expeditors International of Washington by 7.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,663 shares of the transportation company’s stock valued at $2,019,000 after buying an additional 2,083 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Expeditors International of Washington by 9.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,087 shares of the transportation company’s stock valued at $4,023,000 after buying an additional 5,158 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Expeditors International of Washington by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 783,510 shares of the transportation company’s stock valued at $53,342,000 after buying an additional 63,911 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Expeditors International of Washington by 2.0% in the fourth quarter. Stifel Financial Corp now owns 124,253 shares of the transportation company’s stock valued at $8,478,000 after buying an additional 2,477 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Expeditors International of Washington Company Profile

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

Further Reading: The components of the Stochastic Momentum Index

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Invictus Financial  vs. Zillow Group  Head-To-Head Review
Invictus Financial vs. Zillow Group Head-To-Head Review
Intercontinental Hotels Group  Earns “Underweight” Rating from Barclays
Intercontinental Hotels Group Earns “Underweight” Rating from Barclays
Yamana Gold  Price Target Increased to C$5.25 by Analysts at National Bank Financial
Yamana Gold Price Target Increased to C$5.25 by Analysts at National Bank Financial
Head to Head Contrast: Mitsubishi UFJ Financial Group  versus FRIENDLY HILLS/SH SH
Head to Head Contrast: Mitsubishi UFJ Financial Group versus FRIENDLY HILLS/SH SH
Newpark Resources  Downgraded to “Sell” at Zacks Investment Research
Newpark Resources Downgraded to “Sell” at Zacks Investment Research
QCR  Downgraded to Sell at BidaskClub
QCR Downgraded to Sell at BidaskClub


 
© 2006-2019 Zolmax.