Stock Traders Buy High Volume of Put Options on Expeditors International of Washington (EXPD)

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Expeditors International of Washington (NASDAQ:EXPD) was the target of some unusual options trading on Wednesday. Stock traders purchased 502 put options on the stock. This represents an increase of 597% compared to the average daily volume of 72 put options.

NASDAQ:EXPD opened at $72.25 on Thursday. The firm has a market cap of $12.62 billion, a PE ratio of 29.13, a P/E/G ratio of 2.85 and a beta of 0.71. Expeditors International of Washington has a fifty-two week low of $54.32 and a fifty-two week high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 8th. The transportation company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.72 billion. Expeditors International of Washington had a return on equity of 24.84% and a net margin of 7.36%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. sell-side analysts anticipate that Expeditors International of Washington will post 3.16 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were given a dividend of $0.45 per share. This represents a dividend yield of 1.26%. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.42. The ex-dividend date of this dividend was Thursday, May 31st. Expeditors International of Washington’s dividend payout ratio is presently 36.29%.

Several analysts recently issued reports on the company. BidaskClub upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Robert W. Baird boosted their price target on Expeditors International of Washington from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, June 4th. Credit Suisse Group boosted their price target on Expeditors International of Washington from $63.00 to $67.00 and gave the company an “underperform” rating in a research note on Wednesday, May 9th. Cowen boosted their price target on Expeditors International of Washington from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, May 9th. Finally, Stifel Nicolaus upped their target price on Expeditors International of Washington from $65.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.78.

In related news, VP Christopher J. Mcclincy sold 2,437 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $72.11, for a total value of $175,732.07. Following the completion of the sale, the vice president now directly owns 16,754 shares in the company, valued at approximately $1,208,130.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eugene K. Alger sold 6,956 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $71.89, for a total value of $500,066.84. Following the completion of the sale, the insider now owns 5,476 shares of the company’s stock, valued at $393,669.64. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EXPD. Icon Wealth Partners LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $106,000. Pinebridge Investments L.P. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $137,000. DF Dent & Co. Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth $203,000. Atria Investments LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth $203,000. Finally, TLP Group LLC lifted its position in shares of Expeditors International of Washington by 1,334.1% during the 1st quarter. TLP Group LLC now owns 3,284 shares of the transportation company’s stock worth $208,000 after buying an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Expeditors International of Washington Company Profile

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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