Tandem Investment Advisors Inc. Grows Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tandem Investment Advisors Inc. boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 369,229 shares of the transportation company’s stock after acquiring an additional 7,516 shares during the quarter. Expeditors International of Washington accounts for about 1.5% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Tandem Investment Advisors Inc. owned approximately 0.26% of Expeditors International of Washington worth $40,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EXPD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares during the last quarter. Marshfield Associates boosted its holdings in Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock valued at $238,889,000 after acquiring an additional 6,878 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock worth $139,484,000 after purchasing an additional 98,197 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Expeditors International of Washington by 1.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after acquiring an additional 9,007 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Up 0.8 %

Expeditors International of Washington stock opened at $117.22 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The company has a market cap of $16.41 billion, a P/E ratio of 20.49, a P/E/G ratio of 4.02 and a beta of 0.98. The business has a 50-day simple moving average of $112.58 and a two-hundred day simple moving average of $118.43.

Analysts Set New Price Targets

Several brokerages have commented on EXPD. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.56.

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.