Alps Advisors Inc. Increases Position in Exponent, Inc. (NASDAQ:EXPO)

Alps Advisors Inc. grew its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,182 shares of the business services provider's stock after purchasing an additional 5,246 shares during the period. Alps Advisors Inc. owned approximately 0.14% of Exponent worth $5,932,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Exponent by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock valued at $476,284,000 after purchasing an additional 67,296 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Exponent by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider's stock valued at $135,419,000 after purchasing an additional 13,932 shares in the last quarter. Invesco Ltd. grew its position in shares of Exponent by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock valued at $105,884,000 after purchasing an additional 13,263 shares in the last quarter. Northern Trust Corp grew its position in Exponent by 7.4% in the fourth quarter. Northern Trust Corp now owns 770,270 shares of the business services provider's stock worth $68,631,000 after acquiring an additional 53,227 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Exponent by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 739,710 shares of the business services provider's stock worth $65,908,000 after acquiring an additional 4,704 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other Exponent news, VP John Pye sold 2,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was 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 owned 29,204 shares in the company, valued at $2,228,849.28. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bradley A. James sold 2,694 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total value of $214,226.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,267 shares of company stock worth $489,120. Corporate insiders own 1.60% of the company's stock.

Exponent Stock Down 2.2%

EXPO traded down $1.66 on Friday, hitting $74.32. The company had a trading volume of 278,787 shares, compared to its average volume of 262,980. The company has a market cap of $3.77 billion, a PE ratio of 36.25 and a beta of 0.90. Exponent, Inc. has a 12-month low of $72.43 and a 12-month high of $115.75. The business's fifty day simple moving average is $76.52 and its 200 day simple moving average is $82.13.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $134.63 million. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. On average, analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.61%. Exponent's dividend payout ratio is currently 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.