Expeditors International of Washington, Inc. $EXPD Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,670 shares of the transportation company’s stock after selling 29,586 shares during the quarter. Expeditors International of Washington makes up 2.1% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. Tandem Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $42,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington in the fourth quarter worth approximately $32,000. Finally, Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.5%

Shares of EXPD opened at $182.88 on Friday. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $183.52. The stock has a 50 day moving average price of $163.27 and a 200 day moving average price of $155.10.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXPD. Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday. Truist Financial boosted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barclays raised their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.56.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.