Expeditors International of Washington (NASDAQ:EXPD) Price Target Raised to $134.00

Expeditors International of Washington (NASDAQ:EXPD) had its price target boosted by JPMorgan Chase & Co. from $116.00 to $134.00 in a report published on Wednesday,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

EXPD has been the subject of a number of other reports. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday. UBS Group raised their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Stifel Nicolaus dropped their price target on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating on the stock in a research report on Friday, October 10th. Truist Financial raised their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Trading Up 2.0%

EXPD opened at $137.28 on Wednesday. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock has a fifty day simple moving average of $121.97 and a two-hundred day simple moving average of $117.31. Expeditors International of Washington has a 12-month low of $100.47 and a 12-month high of $140.72.

Expeditors International of Washington Announces Dividend

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

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is owned by company insiders.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently made changes to their positions in EXPD. Norges Bank purchased a new position in Expeditors International of Washington in the second quarter worth about $111,222,000. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 17.1% during the 2nd 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 stake in shares of Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares during the period. Boston Partners boosted its holdings in shares of Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Expeditors International of Washington by 516.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after buying an additional 482,814 shares during the period. 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.