Expeditors International of Washington (NASDAQ:EXPD) Director Mark Emmert Sells 5,400 Shares

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Mark Emmert sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Expeditors International of Washington Price Performance

EXPD stock traded up $3.00 on Monday, reaching $140.43. 2,034,527 shares of the company traded hands, compared to its average volume of 1,350,191. The firm has a fifty day simple moving average of $121.97 and a 200-day simple moving average of $117.46. The company has a market cap of $19.06 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $141.79.

Expeditors International of Washington Announces Dividend

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

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently bought and sold shares of EXPD. 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. Loomis Sayles & Co. L P increased its holdings in Expeditors International of Washington by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after buying an additional 83,366 shares during the last quarter. Boston Partners increased its stake in shares of Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares in the last quarter. Invesco Ltd. increased its position in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after buying an additional 576,468 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after buying an additional 335,578 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. TD Cowen raised 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, November 5th. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a research report on Wednesday, November 5th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Truist Financial upped their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $128.78.

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.