5,550 Shares in Exponent, Inc. $EXPO Acquired by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. has acquired 5,550 shares of Exponent, Inc., valued at approximately $450,000, as reported in their latest Form 13F filing with the SEC.
• Exponent, Inc. plans to pay a quarterly dividend of $0.30 per share on September 19th, representing an annualized dividend yield of 1.7%.
• In its recent earnings report, Exponent posted $0.52 earnings per share, exceeding analysts' expectations, along with a year-over-year revenue increase of 7.3%.

Martin Currie Ltd. acquired a new position in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 5,550 shares of the business services provider's stock, valued at approximately $450,000.

Several other institutional investors and hedge funds have also made changes to their positions in EXPO. Bank of Montreal Can increased its stake in shares of Exponent by 1.5% during the 4th quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider's stock valued at $779,000 after acquiring an additional 131 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Exponent by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock valued at $481,000 after acquiring an additional 155 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Exponent by 2.5% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock valued at $544,000 after acquiring an additional 164 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Exponent by 6.0% during the 1st quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock valued at $243,000 after acquiring an additional 170 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Exponent by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 3,710 shares of the business services provider's stock valued at $331,000 after acquiring an additional 189 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exponent

In other news, 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 completion of the transaction, the chief executive officer owned 81,342 shares of the company's stock, valued at $5,782,602.78. This represents a 5.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Joseph Rakow sold 1,573 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,064 shares of company stock worth $735,621. 1.60% of the stock is owned by insiders.

Exponent Trading Up 0.6%

Shares of NASDAQ EXPO traded up $0.43 on Wednesday, reaching $70.03. 697,309 shares of the company traded hands, compared to its average volume of 385,640. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The company has a 50 day moving average of $73.01 and a 200 day moving average of $78.36. The stock has a market capitalization of $3.54 billion, a PE ratio of 35.02 and a beta of 0.89.

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

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Exponent's dividend payout ratio is currently 60.00%.

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.