Tandem Investment Advisors Inc. Sells 2,859 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tandem Investment Advisors Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 450,656 shares of the transportation company’s stock after selling 2,859 shares during the quarter. Expeditors International of Washington comprises approximately 2.3% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Tandem Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $57,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Expeditors International of Washington by 1.0% in the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after purchasing an additional 190,319 shares during the period. Bank of America Corp DE lifted its position in Expeditors International of Washington by 16.2% in the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after purchasing an additional 488,561 shares during the period. Invesco Ltd. lifted its position in Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares during the period. Northern Trust Corp lifted its position in Expeditors International of Washington by 0.3% in the first quarter. Northern Trust Corp now owns 2,486,514 shares of the transportation company’s stock worth $256,508,000 after purchasing an additional 6,839 shares during the period. Finally, Morgan Stanley lifted its position in Expeditors International of Washington by 10.6% in the fourth quarter. Morgan Stanley now owns 2,021,645 shares of the transportation company’s stock worth $210,089,000 after purchasing an additional 193,217 shares during the period. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Down 1.1 %

EXPD stock traded down $1.29 during midday trading on Wednesday, reaching $114.38. The stock had a trading volume of 1,010,142 shares, compared to its average volume of 1,151,979. The business has a fifty day simple moving average of $120.55 and a two-hundred day simple moving average of $120.64. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 8.62 and a beta of 0.99. Expeditors International of Washington, Inc. has a twelve month low of $106.43 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. Expeditors International of Washington’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of several recent analyst reports. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research note on Thursday, January 11th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Finally, Bank of America initiated coverage on Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $108.63.

Expeditors International of Washington Profile

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.