Silvercrest Asset Management Group LLC Purchases 11,720 Shares of Exponent, Inc. (NASDAQ:EXPO)

Silvercrest Asset Management Group LLC increased its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 288,240 shares of the business services provider's stock after buying an additional 11,720 shares during the period. Silvercrest Asset Management Group LLC owned about 0.57% of Exponent worth $25,682,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EXPO. Vanguard Group Inc. raised its holdings in shares of Exponent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock worth $476,284,000 after purchasing an additional 67,296 shares during the period. Geode Capital Management LLC increased its position in Exponent by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider's stock worth $135,419,000 after buying an additional 13,932 shares during the last quarter. Invesco Ltd. increased its position in Exponent by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock worth $105,884,000 after buying an additional 13,263 shares during the last quarter. Northern Trust Corp raised its stake in shares of Exponent by 7.4% in the fourth quarter. Northern Trust Corp now owns 770,270 shares of the business services provider's stock valued at $68,631,000 after buying an additional 53,227 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Exponent by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 739,710 shares of the business services provider's stock valued at $65,908,000 after buying an additional 4,704 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Insiders Place Their Bets

In other Exponent 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 completion of the transaction, the vice president now 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 through this link. Also, VP Bradley A. James sold 2,694 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total value of $214,226.88. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Exponent Stock Down 0.5%

EXPO traded down $0.42 during trading hours on Thursday, hitting $76.99. The stock had a trading volume of 55,012 shares, compared to its average volume of 244,584. Exponent, Inc. has a 1 year low of $73.37 and a 1 year high of $115.75. The company's fifty day simple moving average is $79.06 and its 200 day simple moving average is $87.51. The stock has a market cap of $3.91 billion, a PE ratio of 36.29 and a beta of 0.95.

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

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. Exponent's payout ratio is 58.54%.

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.