Expeditors International of Washington Target of Unusually Large Options Trading (NASDAQ:EXPD)

Expeditors International of Washington (NASDAQ:EXPD) was the target of some unusual options trading on Wednesday. Stock traders bought 2,934 put options on the company. This represents an increase of approximately 3,812% compared to the average daily volume of 75 put options.

Shares of Expeditors International of Washington stock opened at $74.28 on Thursday. Expeditors International of Washington has a 1 year low of $62.90 and a 1 year high of $80.69. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 21.34 and a beta of 0.88. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Expeditors International of Washington will post 3.46 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.50 dividend. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 31st. Expeditors International of Washington’s dividend payout ratio is 28.74%.

Several institutional investors have recently made changes to their positions in EXPD. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 6.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,023,208 shares of the transportation company’s stock worth $77,661,000 after buying an additional 62,805 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Expeditors International of Washington during the first quarter worth about $416,000. Cerebellum GP LLC bought a new position in shares of Expeditors International of Washington during the first quarter worth about $93,000. Nordea Investment Management AB grew its holdings in shares of Expeditors International of Washington by 21.2% during the first quarter. Nordea Investment Management AB now owns 987,674 shares of the transportation company’s stock worth $74,965,000 after buying an additional 172,862 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its holdings in shares of Expeditors International of Washington by 224.7% during the first quarter. BlueMountain Capital Management LLC now owns 34,378 shares of the transportation company’s stock worth $2,609,000 after buying an additional 23,791 shares in the last quarter. Institutional investors own 92.34% of the company’s stock.

A number of research firms recently commented on EXPD. ValuEngine upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Stifel Nicolaus set a $77.00 price objective on Expeditors International of Washington and gave the company a “hold” rating in a report on Friday, February 22nd. Finally, Cowen reiterated a “market perform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $73.00.

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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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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