Quantbot Technologies LP Purchases 38,816 Shares of Exponent, Inc. $EXPO

Key Points

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Quantbot Technologies LP raised its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 168.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,801 shares of the business services provider's stock after buying an additional 38,816 shares during the quarter. Quantbot Technologies LP owned 0.12% of Exponent worth $5,010,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Exponent by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock worth $481,000 after buying an additional 155 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Exponent by 2.5% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock valued at $544,000 after purchasing an additional 164 shares during the last quarter. Portside Wealth Group LLC grew its stake in shares of Exponent by 6.0% in the first quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock worth $243,000 after acquiring an additional 170 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Exponent by 1.7% in the first quarter. State of Michigan Retirement System now owns 12,200 shares of the business services provider's stock worth $989,000 after acquiring an additional 200 shares during the last quarter. Finally, Hardy Reed LLC grew its stake in shares of Exponent by 5.5% in the first quarter. Hardy Reed LLC now owns 3,850 shares of the business services provider's stock worth $312,000 after acquiring an additional 202 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exponent

In related news, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total value of $122,253.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. Insiders sold 8,064 shares of company stock valued at $582,981 over the last ninety days. 1.60% of the stock is owned by insiders.

Exponent Stock Up 2.6%

EXPO traded up $1.81 during trading on Friday, reaching $72.29. 318,857 shares of the company's stock were exchanged, compared to its average volume of 434,981. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The business has a 50 day moving average price of $72.85 and a 200 day moving average price of $77.89. The company has a market capitalization of $3.65 billion, a P/E ratio of 36.15 and a beta of 0.89.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The firm had revenue of $132.87 million for the quarter, compared to the consensus estimate of $130.82 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Exponent's dividend payout ratio (DPR) is presently 60.00%.

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.