Tandem Investment Advisors Inc. Sells 21,012 Shares of Expeditors International of Washington, Inc. $EXPD

Tandem Investment Advisors Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 328,256 shares of the transportation company’s stock after selling 21,012 shares during the period. Expeditors International of Washington accounts for about 1.8% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 25th largest position. Tandem Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $48,913,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $28,000. Community Bank N.A. purchased a new position in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its position in shares of Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Expeditors International of Washington by 1,723.1% in the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. Finally, eCIO Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $37,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $158.52 on Tuesday. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company has a 50 day moving average price of $148.42 and a 200-day moving average price of $149.94. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a dividend yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

Analysts Set New Price Targets

Several equities analysts recently commented on EXPD shares. Truist Financial decreased their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. 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. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. UBS Group raised their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Profile

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.