Millennium Management LLC Purchases 37,260 Shares of Exponent, Inc. (NASDAQ:EXPO)

Millennium Management LLC raised its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 365.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,464 shares of the business services provider's stock after buying an additional 37,260 shares during the period. Millennium Management LLC owned about 0.09% of Exponent worth $4,229,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Exponent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock worth $476,284,000 after purchasing an additional 67,296 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 worth $135,419,000 after buying an additional 13,932 shares during the last quarter. Invesco Ltd. boosted its holdings in Exponent by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock valued at $105,884,000 after acquiring an additional 13,263 shares in the last quarter. Northern Trust Corp increased its position in Exponent by 7.4% during the 4th quarter. Northern Trust Corp now owns 770,270 shares of the business services provider's stock valued at $68,631,000 after purchasing an additional 53,227 shares during the period. Finally, Wells Fargo & Company MN raised its holdings 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 worth $65,908,000 after purchasing an additional 4,704 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other news, VP Bradley A. James sold 2,694 shares of Exponent stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $152,640.00. Following the completion of the sale, the vice president now directly owns 29,204 shares in the company, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,267 shares of company stock valued at $489,120 over the last quarter. Corporate insiders own 2.10% of the company's stock.

Exponent Stock Up 1.0%

Shares of EXPO traded up $0.77 during trading hours on Tuesday, reaching $77.87. 26,073 shares of the company traded hands, compared to its average volume of 248,789. Exponent, Inc. has a 12 month low of $73.37 and a 12 month high of $115.75. The company's fifty day moving average price is $78.40 and its two-hundred day moving average price is $85.92. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 36.73 and a beta of 0.95.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its earnings results on Thursday, May 1st. 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 return on equity of 27.27% and a net margin of 19.52%. The firm had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, June 6th. Exponent's dividend payout ratio (DPR) is presently 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.