CenterBook Partners LP acquired a new stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,536 shares of the business services provider's stock, valued at approximately $449,000.
Several other large investors have also added to or reduced their stakes in the business. Bessemer Group Inc. increased its stake in Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after buying an additional 346 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Exponent by 2.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 441,646 shares of the business services provider's stock worth $35,800,000 after purchasing an additional 8,501 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Exponent during the 1st quarter worth approximately $665,000. Fifth Third Bancorp increased its stake in shares of Exponent by 14.4% during the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock worth $554,000 after purchasing an additional 858 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Exponent by 29.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider's stock worth $265,000 after purchasing an additional 753 shares during the last quarter. Institutional investors own 92.37% of the company's stock.
Insiders Place Their Bets
In other news, VP John Pye sold 2,000 shares of Exponent stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president directly owned 29,204 shares in the company, valued at approximately $2,228,849.28. This trade represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. Insiders sold 6,267 shares of company stock worth $489,120 over the last three months. Company insiders own 1.60% of the company's stock.
Exponent Price Performance
NASDAQ:EXPO traded down $1.55 during trading hours on Friday, hitting $72.51. The stock had a trading volume of 258,694 shares, compared to its average volume of 263,988. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 35.37 and a beta of 0.90. Exponent, Inc. has a one year low of $71.72 and a one year high of $115.75. The company has a 50 day simple moving average of $76.26 and a two-hundred day simple moving average of $81.51.
Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results 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. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.
Exponent Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.65%. Exponent's dividend payout ratio (DPR) is presently 58.54%.
Exponent Profile
(
Free Report)
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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