Expeditors International of Washington (EXPD) Director Sells $367,600.00 in Stock

Expeditors International of Washington (NASDAQ:EXPD) Director Mark A. Emmert sold 5,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $73.52, for a total value of $367,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of EXPD stock opened at $73.04 on Friday. The firm has a market cap of $12.61 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.82 and a beta of 0.74. Expeditors International of Washington has a 12-month low of $59.10 and a 12-month high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.14. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.03 billion. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. Equities research analysts anticipate that Expeditors International of Washington will post 3.24 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.42. This represents a dividend yield of 1.23%. Expeditors International of Washington’s dividend payout ratio is presently 36.29%.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Expeditors International of Washington by 4.4% in the 3rd quarter. Legal & General Group Plc now owns 1,129,719 shares of the transportation company’s stock valued at $83,026,000 after acquiring an additional 47,324 shares during the period. Standard Life Aberdeen plc increased its position in shares of Expeditors International of Washington by 8.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 55,947 shares of the transportation company’s stock valued at $4,114,000 after acquiring an additional 4,505 shares during the period. Sawgrass Asset Management LLC increased its position in shares of Expeditors International of Washington by 1.4% in the 3rd quarter. Sawgrass Asset Management LLC now owns 695,924 shares of the transportation company’s stock valued at $51,171,000 after acquiring an additional 9,451 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $751,000. Finally, Bridges Investment Management Inc. acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $476,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

EXPD has been the subject of a number of analyst reports. Cowen restated a “market perform” rating and set a $73.00 target price (up previously from $70.00) on shares of Expeditors International of Washington in a report on Tuesday, August 7th. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group lowered their target price on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a report on Wednesday, August 8th. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Finally, Deutsche Bank assumed coverage on Expeditors International of Washington in a research report on Tuesday, September 4th. They set a “hold” rating and a $71.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.56.

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About Expeditors International of Washington

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Insider Buying and Selling by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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