Gold prices fall as geopolitical tensions ease; U.S. CPI looms
Jeffrey F. Dickerman, Senior Vice President, General Counsel, and Corporate Secretary at Expeditors International (NYSE:EXPD) of Washington Inc. (NASDAQ:EXPD), a $16.3 billion logistics company trading at 22.6x earnings, sold shares valued at $146,923 on February 20. The transaction involved 1,250 shares of common stock sold at an average price of $117.54 per share. According to InvestingPro data, while this insider sold shares, management has been actively buying back company stock.
On the same day, Dickerman exercised stock options to acquire 1,250 shares at a price of $47.27 per share. Following these transactions, he holds 7,296 shares directly. InvestingPro analysis shows the company maintains strong financial health with a "GOOD" overall rating, supported by robust profitability metrics. Discover 10+ additional exclusive insights about EXPD with an InvestingPro subscription.
In other recent news, Expeditors International of Washington, Inc. reported impressive fourth-quarter results, with revenue exceeding expectations by 11% and earnings per share (EPS) reaching $1.68, a 54% increase year-over-year. Analysts from Benchmark noted the company’s effective cost control measures, particularly in transportation expenses, as a key factor in the earnings beat. Despite these strong results, Benchmark maintained a Hold rating due to uncertainties in global supply conditions. Meanwhile, TD Cowen raised its price target for Expeditors International to $117, citing unexpected benefits from global disruptions, although the firm retained a Sell rating due to ongoing concerns. Stifel also increased its price target to $118.12, maintaining a Hold rating, and highlighted the company’s ability to leverage market uncertainties to attract new business.
Expeditors International has also addressed the impact of tariffs and the Red Sea conflict on global trade, noting that these complexities have historically benefited the company. The firm reported robust productivity, with increased shipment volumes per person, and is prepared for future hiring as necessary. Additionally, Expeditors anticipates continued tightness in air supply through 2025, particularly in lanes like Vietnam, which could influence future operations. The company expressed support for potential changes to de minimis laws, which could open new business opportunities. These developments reflect Expeditors International’s strategic positioning amid evolving market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.