Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 367.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,273 shares of the business services provider's stock after buying an additional 59,947 shares during the quarter. Edgestream Partners L.P. owned approximately 0.15% of Exponent worth $6,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after buying an additional 346 shares during the period. Envestnet Asset Management Inc. increased its holdings in Exponent by 2.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 441,646 shares of the business services provider's stock worth $35,800,000 after purchasing an additional 8,501 shares during the period. SG Americas Securities LLC purchased a new position in shares of Exponent in the 1st quarter valued at $665,000. Fifth Third Bancorp increased its holdings in shares of Exponent by 14.4% in the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock valued at $554,000 after acquiring an additional 858 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Exponent by 29.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider's stock valued at $265,000 after acquiring an additional 753 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Exponent news, VP Bradley A. James sold 2,694 shares of Exponent stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 6,267 shares of company stock valued at $489,120. 1.60% of the stock is owned by company insiders.

Exponent Trading Down 2.2%

Shares of NASDAQ:EXPO traded down $1.63 on Friday, reaching $72.43. The company had a trading volume of 119,263 shares, compared to its average volume of 308,046. Exponent, Inc. has a 52-week low of $71.72 and a 52-week high of $115.75. The firm's 50 day simple moving average is $76.34 and its 200-day simple moving average is $81.68. The firm has a market capitalization of $3.68 billion, a PE ratio of 35.37 and a beta of 0.90.

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 analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The business's revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. As a group, equities research analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given 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 1.66%. Exponent's payout ratio is 58.54%.

Exponent 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.