Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $130.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target upped by Truist Financial from $120.00 to $130.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the transportation company’s stock.

Several other research firms have also recently weighed in on EXPD. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. UBS Group increased their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research report on Friday, October 10th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $128.78.

Expeditors International of Washington Stock Up 2.0%

Shares of NASDAQ EXPD opened at $137.28 on Wednesday. The stock’s 50-day simple moving average is $121.97 and its two-hundred day simple moving average is $117.31. Expeditors International of Washington has a twelve month low of $100.47 and a twelve month high of $140.72. The firm has a market capitalization of $18.63 billion, a P/E ratio of 24.00, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

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

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington during the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $41,000. Finally, Twin Tree Management LP bought a new position in shares of Expeditors International of Washington in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

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.