Tandem Investment Advisors Inc. Purchases 5,391 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tandem Investment Advisors Inc. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,713 shares of the transportation company’s stock after purchasing an additional 5,391 shares during the quarter. Expeditors International of Washington comprises approximately 1.8% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 26th biggest holding. Tandem Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $47,529,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hara Capital LLC acquired a new position in Expeditors International of Washington during the 3rd quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $25,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington in the 2nd quarter worth $31,000. Family Firm Inc. purchased a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington during the second quarter worth about $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.4 %

EXPD opened at $119.94 on Friday. The stock’s 50-day moving average price is $122.45 and its 200 day moving average price is $121.27. Expeditors International of Washington, Inc. has a 12-month low of $110.01 and a 12-month high of $131.59. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.04 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 31.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Bank of America upped their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.00.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.