Exponent, Inc. $EXPO Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Exponent, Inc. by 5.8%, owning 66,371 shares worth approximately $5.38 million following the sale of 4,120 shares in the 1st quarter.
• Exponent reported a quarterly EPS of $0.52, exceeding analysts' expectations, with revenue of $132.87 million, up 7.3% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing a 1.7% yield, with the ex-dividend date set for September 5th.

Deutsche Bank AG reduced its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,371 shares of the business services provider's stock after selling 4,120 shares during the quarter. Deutsche Bank AG owned 0.13% of Exponent worth $5,380,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EXPO. Whipplewood Advisors LLC increased its position in Exponent by 5,333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after acquiring an additional 320 shares during the period. UMB Bank n.a. increased its position in Exponent by 859.1% in the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after acquiring an additional 567 shares during the period. Bessemer Group Inc. increased its position in Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after acquiring an additional 346 shares during the period. Johnson Financial Group Inc. acquired a new stake in Exponent in the 4th quarter valued at approximately $59,000. Finally, LRI Investments LLC increased its position in Exponent by 30.4% in the 4th quarter. LRI Investments LLC now owns 1,460 shares of the business services provider's stock valued at $130,000 after acquiring an additional 340 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Trading Up 0.6%

EXPO traded up $0.45 during trading hours on Thursday, hitting $70.48. The company's stock had a trading volume of 580,542 shares, compared to its average volume of 409,557. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The firm has a market capitalization of $3.56 billion, a PE ratio of 35.24 and a beta of 0.89. The company has a 50-day simple moving average of $72.91 and a 200 day simple moving average of $78.21.

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

Exponent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Exponent's dividend payout ratio (DPR) is 60.00%.

Insider Transactions at Exponent

In other news, CEO Catherine Corrigan sold 4,896 shares of Exponent stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $71.09, for a total transaction of $348,056.64. Following the transaction, the chief executive officer directly owned 81,342 shares in the company, valued at approximately $5,782,602.78. This trade represents a 5.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction on Tuesday, May 27th. The shares were 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. Insiders have sold a total of 10,064 shares of company stock valued at $735,621 in the last quarter. Company insiders own 1.60% of the company's stock.

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.