Jane Street Group LLC Raises Stock Position in Exponent, Inc. $EXPO

Key Points

• Jane Street Group LLC increased its holdings in Exponent, Inc. by 1,481.0% during the 1st quarter, owning about 0.25% of the company valued at $10.3 million after purchasing an additional 119,175 shares.
• Exponent recently reported earnings per share of $0.52, surpassing expectations, and experienced a 7.3% revenue growth year-over-year, with a quarterly revenue of $132.87 million.
• The company announced a quarterly dividend of $0.30 per share, which will be paid on September 19th, reflecting an annualized dividend of $1.20 and a yield of 1.7%.

Jane Street Group LLC boosted its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 1,481.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,222 shares of the business services provider's stock after acquiring an additional 119,175 shares during the quarter. Jane Street Group LLC owned 0.25% of Exponent worth $10,313,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its position in Exponent by 10,200.0% in the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in Exponent by 5,333.3% in the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock worth $26,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. boosted its stake in Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after acquiring an additional 567 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Exponent by 103.3% during the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after purchasing an additional 346 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Exponent in the first quarter valued at approximately $80,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Activity

In related news, VP Joseph Sala sold 1,595 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Catherine Corrigan sold 4,896 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $71.09, for a total transaction of $348,056.64. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Exponent Stock Up 0.8%

EXPO traded up $0.60 during trading on Thursday, hitting $72.45. 204,536 shares of the company's stock were exchanged, compared to its average volume of 328,158. The business's 50 day moving average is $72.38 and its two-hundred day moving average is $77.03. The stock has a market cap of $3.66 billion, a P/E ratio of 36.23 and a beta of 0.94. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. 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 $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, sell-side analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

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

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.