Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Sells $363,330.00 in Stock

Expeditors International of Washington, Inc. (NASDAQ:EXPD) Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $118.51 on Friday. The company’s fifty day moving average price is $120.45 and its 200-day moving average price is $122.11. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is 28.46%.

Institutional Trading of Expeditors International of Washington

A number of hedge funds have recently bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington during the third quarter worth approximately $26,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter worth $35,000. Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington in the second quarter worth $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the third quarter valued at about $57,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays upped 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 report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $118.44.

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.