Jacobs Levy Equity Management Inc. Has $10.54 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Jacobs Levy Equity Management Inc. cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,234 shares of the transportation company's stock after selling 15,670 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.06% of Expeditors International of Washington worth $10,543,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock worth $346,559,000 after acquiring an additional 82,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Expeditors International of Washington by 12.0% during the third 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 worth $315,485,000 after acquiring an additional 257,791 shares during the period. Marshfield Associates increased its position in Expeditors International of Washington by 0.3% during the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company's stock worth $226,013,000 after acquiring an additional 5,712 shares during the period. ProShare Advisors LLC increased its position in Expeditors International of Washington by 16.8% during the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock worth $197,538,000 after acquiring an additional 227,671 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Expeditors International of Washington by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock valued at $159,595,000 after buying an additional 85,393 shares during the period. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EXPD shares. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Finally, Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $1.20 during mid-day trading on Friday, reaching $119.25. 974,506 shares of the company's stock were exchanged, compared to its average volume of 1,207,775. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.44 and a beta of 0.97. The business's fifty day moving average price is $121.20 and its 200-day moving average price is $122.01.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is 28.46%.

About Expeditors International of Washington

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.