Expeditors International of Washington (NASDAQ:EXPD) Hits New 12-Month High – Here’s Why

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $141.12 and last traded at $141.26, with a volume of 572497 shares trading hands. The stock had previously closed at $137.43.

Analyst Ratings Changes

Several research analysts have commented on EXPD shares. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. Barclays lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Finally, Truist Financial increased their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $128.78.

Expeditors International of Washington Trading Up 2.2%

The stock has a market cap of $19.06 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a 50-day moving average price of $121.97 and a 200-day moving average price of $117.46.

Expeditors International of Washington Announces Dividend

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

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction dated Wednesday, November 5th. The shares were 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 $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by insiders.

Institutional Trading of Expeditors International of Washington

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighPoint Advisor Group LLC grew its position in shares of Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares in the last quarter. Atria Investments Inc lifted its position in Expeditors International of Washington by 0.3% during the second quarter. Atria Investments Inc now owns 33,522 shares of the transportation company’s stock worth $3,830,000 after purchasing an additional 91 shares during the period. Forum Financial Management LP grew its stake in Expeditors International of Washington by 3.9% during the second quarter. Forum Financial Management LP now owns 2,714 shares of the transportation company’s stock worth $310,000 after buying an additional 101 shares in the last quarter. Davidson Trust Co. raised its position in shares of Expeditors International of Washington by 3.2% in the 3rd quarter. Davidson Trust Co. now owns 3,688 shares of the transportation company’s stock valued at $452,000 after buying an additional 113 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Expeditors International of Washington by 1.4% in the third quarter. Bessemer Group Inc. now owns 8,593 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 115 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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.