Why Should You Put Expeditors International of Washington Inc. (NASDAQ: EXPD) On Your Portfolio?


    BlackRock Fund Advisors recently announced the acquisition of new stake in Expeditors International of Washington Inc. (NASDAQ:EXPD). The institutional investor has increased its shareholding in the Industrials company by 2.10% to 10.69 million shares with purchase of 0.22 million shares. This fresh investment now brings its stake to 6.43% valued currently at $812.59 million. In addition, Geode Capital Management LLC raised its holdings by 48064.0 to 2.89 million shares. And Select Equity Group LP has lifted its position by 296.66% or 1.95 million shares – to 2.61 million shares.

    With over 1.37 million Expeditors International of Washington Inc. (EXPD) shares trading Friday and a closing price of $79.63 on the day, the dollar volume was approximately $108.95 million. The shares have shown a positive weekly performance of 2.64% and its price on 07/17/20 gained nearly 0.62%. Currently, there are 168.74M common shares owned by the public and among those 165.34M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for EXPD have a consensus price objective of $71.09. The analysts have set the share’s price value over the next 12 months at a high of $82.00 and a low of $60.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Expeditors International of Washington Inc. stock is 3.10 for the next 12 months. The average price target is -9.08% below its last price level and a downside to the estimated low will see the stock lose -32.72% over that period. But an upside of 2.89% will see the stock hit the forecast high price target while mean target price for the stock is $71.00.

    Insiders at the company have transacted a total of 114 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 446,725 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 367,548 shares.

    The top 3 mutual fund holders in Expeditors International of Washington Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 4.74 million shares of the company’s stock, all valued at over $360.59 million. The company sold -0.17 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.33 million shares to see its total holdings shrink to 4.12 million shares valued at over $313.12 million and representing 2.48% of the shares outstanding. Vanguard 500 Index Fund sold 27338.0 shares to bring its total holdings to over 3.45 million shares at a value of $262.44 million. Vanguard 500 Index Fund now owns shares totaling to 2.08% of the shares outstanding.

    Shares of Expeditors International of Washington Inc. (NASDAQ: EXPD) opened at $79.57, up $0.43 from a prior closing price of $79.14. However, the script later closed the day at $79.63, up 0.62%. The company’s stock has a 5-day price change of 2.64% and 11.00% over the past three months. EXPD shares are trading 2.06% year to date (YTD), with the 12-month market performance up to 7.59% higher. It has a 12-month low price of $52.55 and touched a high of $81.64 over the same period. Currently, 1.37 million shares have been traded, compared to an average intraday trading volume of 1.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.72%, 5.81%, and 8.54% respectively.

    Institutional ownership of Expeditors International of Washington Inc. (NASDAQ: EXPD) shares accounts for 96.90% of the company’s 168.74M shares outstanding. Mutual fund holders own 44.59%, while other institutional holders and individual stakeholders account for 50.63% and 2.98% respectively.

    It has a market capitalization of $13.17B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 24.08, while the earnings-per-share (ttm) stands at $3.31. The company has a PEG of 5.43 and a Quick Ratio of 2.30 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 2.32% over the month.

    Analysts forecast that Expeditors International of Washington Inc. (EXPD) will achieve an EPS of $0.65 for the current quarter, $0.8 for the next quarter and $3.52 for 2021. The lowest estimate earnings-per-share for the quarter is $0.37 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $0.88 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.40%, and 14.12% over the next financial year. EPS should shrink at an annualized rate of 4.43% over the next five years, compared to 12.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Expeditors International of Washington Inc. (EXPD) as a “Hold” at a consensus score of 3.10. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 8 of the 14 advise that investors “hold,” and 4 rated it as a “Sell.”

    Looking at the support for the EXPD, a number of firms have released research notes about the stock. Wolfe Research stated their Underperform rating for the stock in a research note on July 07, 2020, with the firm’s price target at. Cowen coverage for the Expeditors International of Washington Inc. (EXPD) stock in a research note released on May 06, 2020 offered a Market Perform rating with a price target of $68. Cowen was of a view on February 19, 2020 that the stock is Market Perform, while Cowen gave the stock Market Perform rating on January 21, 2020, issuing a price target of $78- $75. Barclays on their part issued Equal Weight rating on October 02, 2019.


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