Quantbot Technologies LP Boosts Position in Exponent, Inc. $EXPO

Key Points

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Quantbot Technologies LP increased its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 168.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,801 shares of the business services provider's stock after buying an additional 38,816 shares during the period. Quantbot Technologies LP owned about 0.12% of Exponent worth $5,010,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of Exponent by 10,200.0% during the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock valued at $25,000 after buying an additional 306 shares during the period. Whipplewood Advisors LLC boosted its position in Exponent by 5,333.3% during the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. boosted its position in Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after purchasing an additional 567 shares in the last quarter. Bessemer Group Inc. boosted its position in Exponent by 103.3% during the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after purchasing an additional 346 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Exponent during the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Exponent Stock Performance

EXPO stock traded up $1.81 during trading on Friday, reaching $72.29. 318,857 shares of the company traded hands, compared to its average volume of 322,120. Exponent, Inc. has a 12 month low of $63.81 and a 12 month high of $115.75. The business has a 50 day simple moving average of $72.91 and a 200 day simple moving average of $78.21. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 36.15 and a beta of 0.89.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company had revenue of $132.87 million for the quarter, compared to the consensus estimate of $130.82 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm's revenue for the quarter 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 firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Exponent's dividend payout ratio (DPR) is currently 60.00%.

Insiders Place Their Bets

In other news, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph Sala sold 1,595 shares of the company's stock in a transaction on 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. Over the last 90 days, insiders sold 8,064 shares of company stock valued at $582,981. 1.60% of the stock is currently owned by corporate insiders.

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.