Jacobs Levy Equity Management Inc. Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Jacobs Levy Equity Management Inc. lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,577 shares of the transportation company's stock after buying an additional 13,343 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.07% of Expeditors International of Washington worth $10,366,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EXPD. Barclays PLC lifted its holdings in shares of Expeditors International of Washington by 2.4% in the 3rd quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock worth $75,099,000 after acquiring an additional 13,479 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Expeditors International of Washington by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,509 shares of the transportation company's stock valued at $12,241,000 after buying an additional 677 shares during the period. Czech National Bank boosted its position in Expeditors International of Washington by 5.6% during the fourth quarter. Czech National Bank now owns 30,350 shares of the transportation company's stock valued at $3,362,000 after buying an additional 1,601 shares during the period. Oak Thistle LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $534,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Expeditors International of Washington by 14.9% in the fourth quarter. Park Avenue Securities LLC now owns 2,885 shares of the transportation company's stock worth $320,000 after buying an additional 374 shares during the period. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Up 2.7%

Shares of NASDAQ:EXPD traded up $3.10 during trading on Friday, hitting $118.10. The stock had a trading volume of 3,300,514 shares, compared to its average volume of 1,284,073. The company has a market capitalization of $16.17 billion, a PE ratio of 20.65, a PEG ratio of 5.00 and a beta of 1.09. The firm's fifty day moving average is $112.24 and its 200 day moving average is $114.75. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio is 25.58%.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. StockNews.com lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Finally, UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Company 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.