5 Best Undervalued Aristocrats to Buy in September

In this article, we discuss 5 best undervalued aristocrats to buy in September. If you want to read our detailed analysis of dividend aristocrats and value stocks, go directly to read 10 Best Undervalued Aristocrats to Buy in September. 

5. Expeditors International of Washington, Inc. (NASDAQ:EXPD)

P/E Ratio: 11.1

Expeditors International of Washington, Inc. (NASDAQ:EXPD) is a Washington-based logistics and freight forwarding company. In Q2 2022, 28 hedge funds tracked by Insider Monkey owned stakes in the company, down from 38 in the previous quarter. These stakes hold a collective value of $348.8 million, compared with $615 million worth of stakes owned by hedge funds in the preceding quarter.

At the end of Q2 2022, Expeditors International of Washington, Inc. (NASDAQ:EXPD) reported cash and cash equivalents of $1.9 billion, up from $1.7 billion at the end of December. Its revenue for the quarter came in at $4.6 billion, which showed a 27.8% year-over-year growth. Moreover, its operating income grew by 23% to $506 million.

In May, Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a 15.5% hike in its quarterly dividend to $0.67 per share. This was the company’s 28th consecutive year of dividend growth. As of September 7, the stock’s dividend yield came in at 1.13%.