Asset Management One Co. Ltd. Decreases Stake in Exponent, Inc. (NASDAQ:EXPO)

Asset Management One Co. Ltd. lessened its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 19.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,761 shares of the business services provider's stock after selling 11,624 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of Exponent worth $3,898,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPO. Y Intercept Hong Kong Ltd acquired a new stake in shares of Exponent during the 4th quarter valued at approximately $460,000. Los Angeles Capital Management LLC raised its holdings in Exponent by 33.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,559 shares of the business services provider's stock worth $1,119,000 after purchasing an additional 3,125 shares during the last quarter. Versor Investments LP boosted its position in Exponent by 51.3% during the fourth quarter. Versor Investments LP now owns 5,900 shares of the business services provider's stock worth $526,000 after purchasing an additional 2,000 shares in the last quarter. Private Trust Co. NA grew its holdings in Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exponent by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 525,378 shares of the business services provider's stock valued at $46,811,000 after buying an additional 7,766 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Transactions at Exponent

In other Exponent news, VP Bradley A. James sold 2,694 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Joseph Rakow sold 1,573 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. Insiders sold a total of 6,267 shares of company stock valued at $489,120 over the last three months. 1.60% of the stock is currently owned by insiders.

Exponent Stock Down 2.3%

NASDAQ:EXPO opened at $74.16 on Monday. Exponent, Inc. has a 52-week low of $72.43 and a 52-week high of $115.75. The stock has a fifty day simple moving average of $77.05 and a 200-day simple moving average of $83.09. The company has a market capitalization of $3.76 billion, a PE ratio of 36.18 and a beta of 0.92.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Exponent's dividend payout ratio (DPR) is 58.54%.

Exponent Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.