Tandem Investment Advisors Inc. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,776 shares of the transportation company's stock after selling 7,453 shares during the period. Tandem Investment Advisors Inc. owned about 0.26% of Expeditors International of Washington worth $43,504,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington in the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new position in Expeditors International of Washington in the 1st quarter valued at $37,000. Finally, Colonial Trust Co SC raised its holdings in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.
Expeditors International of Washington Stock Down 0.7%
Shares of NASDAQ EXPD traded down $0.78 during trading on Friday, hitting $118.30. 616,682 shares of the company traded hands, compared to its average volume of 1,248,689. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The company has a 50-day moving average price of $113.35 and a 200-day moving average price of $113.30. The firm has a market capitalization of $16.20 billion, a P/E ratio of 20.68, a P/E/G ratio of 5.00 and a beta of 1.07.
Expeditors International of Washington Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is 25.58%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. TD Cowen cut their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Robert W. Baird assumed coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Truist Financial boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Finally, Barclays lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of "Hold" and an average price target of $114.22.
Read Our Latest Stock Report on EXPD
Expeditors International of Washington Company Profile
(
Free Report)
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.
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