The company is trading up by 0.57% since yesterday’s close of $57.49. Company chares are trading at $57.82 barely above $54.53, the 50 day moving average and just above the 200 day moving average of $54.85. The 50 day moving average went up $3.20 or +5.88% whereas the 200 day moving average was up $2.88 or +5.26%.
Investors are more bearish on the company lately if you watch the rise in short interest. The firm saw a rise in short interest between May 31, 2017 and May 15, 2017 of 10.93%. Short interest increased 1,172,041 over that timeframe. The days to cover increased to 10.0 and the short interest percentage is 0.07% as of May 15.
Here is the rundown on market activity for Expeditors International of Was (NASDAQ:EXPD). Senior VP – CIO Christopher J. Mcclincy disclosed the sale of 1,274 shares of EXPD stock. The shares were purchased at an average price of $56.62. The Senior VP – CIO now owns $997,683 of the stock according to the SEC filing. Michael J. Malone, Director disclosed the sale of 7,000 shares. The shares were sold on March 10th for a price of $56.19. Malone now owns $865,438 of the stock per the Form 4 SEC filing.
Jeffrey S. Musser, President and CEO reported the sale of 4,100 shares of (EXPD). The shares were sold on March 6th for an average price of $56.35. Musser now owns $373,133 of the stock per the Form 4 SEC filing.
Expeditors International of Washington, Inc., launched on May 29, 1979, is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. In addition, the Business’s Project Cargo unit handles special project shipments that move through a single method or combination of air, ocean, and/or ground transportation. The Business’s services include airfreight services, ocean freight and ocean services, and customs brokerage and other services. The Company operates along five geographic areas: the Americas; North Asia; South Asia; Europe, and the Middle East, Africa and India..
Here are a few other firms who have also updated their positions. Gateway Investment Advisers LLC bolstered its holdings by buying 16 shares an increase of 0.1% as of 06/30/2017. Gateway Investment Advisers LLC currently owns 11,058 shares with a value of $625,000. The total value of its holdings increased 0.2%. As of quarter end Atria Investments LLC had disposed of 805 shares trimming its holdings by 17.6%. The value of the investment in Expeditors International of Was decreased from $258,000 to $212,000 a change of 17.8% for the reporting period.
America First Investment Advisors, LLC added to its position by buying 5,065 shares an increase of 2.4%. America First Investment Advisors, LLC now controls 216,009 shares worth $12,200,000. The value of the position overall is up by 2.4%. Capstone Asset Management Co trimmed its ownership by shedding 1,076 shares a decrease of 3.6% in the quarter. Capstone Asset Management Co controls 29,098 shares valued at $1,643,000. The total value of its holdings decreased 3.6%.
On July 11 Morgan Stanley kept the company rating at “Equal-Weight” but moved up the price target to $47.00 from $46.00. On April 21, 2016 the stock rating was changed to a “Hold” in a report from BB&T Capital a cut from the previous “Buy” rating.
On April 15 the company was upgraded from “Equal-weight” to “Overweight” and a price target of $58.00 was set by Barclays. Equity analyst Barclays raised the price target and upgraded the stock on April 15 changing the price target from $51.00 to $58.00 and changing the rating from “Equal-weight” to “Overweight”.
On April 14 the stock rating was upgraded to “Overweight” from “Equal-weight” with a current price target of $58.00 in a report issued by Barclays. Barclays both upgraded the stock and raised the price target on April 14 changing the price objective from $51.00 to $58.00 and moving the rating from “Equal-weight” to “Overweight”.
Additionally the company declared a dividend for shareholders which was paid on Thursday the 15th of June 2017. The dividend was $0.210 per share for the quarter which is $0.84 annualized. This dividend amount represented a yeild of $1.48. The ex-dividend date was Tuesday the 30th of May 2017.
The P/E ratio is 24.67 and the market value is 10.40B. In the last earnings report the EPS was $2.34 and is expected to be $2.35 for the current year with 180,164,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.62 and the next full year EPS is projected to be $2.60.