Cerity Partners LLC lowered its stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 20.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,815 shares of the business services provider's stock after selling 4,164 shares during the period. Cerity Partners LLC's holdings in Exponent were worth $1,282,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Exponent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock valued at $476,284,000 after buying an additional 67,296 shares during the last quarter. Geode Capital Management LLC grew its stake in Exponent by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider's stock valued at $135,419,000 after buying an additional 13,932 shares during the last quarter. Invesco Ltd. grew its stake in Exponent by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock valued at $105,884,000 after buying an additional 13,263 shares during the last quarter. Northern Trust Corp grew its stake in Exponent by 7.4% in the 4th 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 last quarter. Finally, Wells Fargo & Company MN grew its stake in Exponent by 0.6% in 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 and hedge funds own 92.37% of the company's stock.
Insider Buying and Selling at Exponent
In other Exponent news, VP John Pye sold 2,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the sale, the vice president owned 29,204 shares of the company's stock, valued at $2,228,849.28. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were 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 valued at $489,120 in the last quarter. Company insiders own 1.60% of the company's stock.
Exponent Trading Up 0.1%
NASDAQ EXPO traded up $0.10 during trading on Friday, reaching $72.23. The company's stock had a trading volume of 194,610 shares, compared to its average volume of 287,728. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 35.23 and a beta of 0.90. Exponent, Inc. has a 12 month low of $71.29 and a 12 month high of $115.75. The firm has a 50 day moving average price of $75.56 and a 200 day moving average price of $81.02.
Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $137.44 million during 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 business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, equities analysts forecast that Exponent, Inc. will post 1.98 EPS for the current fiscal year.
Exponent Dividend Announcement
The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, June 6th. Exponent's dividend payout ratio is currently 58.54%.
About Exponent
(
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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