Ameriprise Financial Inc. Buys 44,002 Shares of Exponent, Inc. (NASDAQ:EXPO)

Ameriprise Financial Inc. boosted its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 646,026 shares of the business services provider's stock after purchasing an additional 44,002 shares during the quarter. Ameriprise Financial Inc. owned about 1.27% of Exponent worth $57,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its holdings in Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Atala Financial Inc purchased a new position in Exponent in the 4th quarter worth about $25,000. Tortoise Investment Management LLC lifted its stake in Exponent by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after acquiring an additional 191 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Exponent during the 4th quarter valued at about $45,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Exponent in the fourth quarter worth approximately $50,000. 92.37% of the stock is currently owned by institutional investors.

Exponent Trading Down 0.7 %

Shares of EXPO stock opened at $76.67 on Friday. Exponent, Inc. has a 12-month low of $73.37 and a 12-month high of $115.75. The stock has a market capitalization of $3.89 billion, a P/E ratio of 36.17 and a beta of 0.95. The firm's 50 day moving average is $79.74 and its 200 day moving average is $88.48.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The company had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. Exponent's revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.57%. Exponent's dividend payout ratio (DPR) is 58.54%.

Insider Buying and Selling at Exponent

In other news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares of the company's stock, valued at $154,674. The trade was a 49.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.

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