OMERS ADMINISTRATION Corp Acquires Shares of 11,700 Exponent, Inc. $EXPO

Key Points

• OMERS ADMINISTRATION Corp acquired a new position in Exponent, Inc., purchasing 11,700 shares valued at approximately $948,000 in the first quarter.
• Exponent reported a return on equity of 24.19% and had a net margin of 18.35%, with quarterly earnings of $0.52 per share, exceeding analyst estimates.
• The company declared a $0.30 quarterly dividend, set to be paid on September 19th, representing an annualized yield of 1.7%.

OMERS ADMINISTRATION Corp acquired a new position in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,700 shares of the business services provider's stock, valued at approximately $948,000.

Several other large investors also recently modified their holdings of EXPO. Geneva Capital Management LLC grew its holdings in shares of Exponent by 11.2% in the first quarter. Geneva Capital Management LLC now owns 1,745,828 shares of the business services provider's stock worth $141,517,000 after acquiring an additional 176,152 shares during the period. Nuveen LLC bought a new stake in Exponent during the first quarter valued at about $10,828,000. Jane Street Group LLC grew its holdings in Exponent by 1,481.0% during the first quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider's stock valued at $10,313,000 after purchasing an additional 119,175 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in Exponent by 17.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 506,784 shares of the business services provider's stock valued at $41,250,000 after purchasing an additional 74,605 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Exponent by 367.2% during the first quarter. Edgestream Partners L.P. now owns 76,273 shares of the business services provider's stock valued at $6,183,000 after purchasing an additional 59,947 shares during the period. Institutional investors own 92.37% of the company's stock.

Exponent Price Performance

Shares of NASDAQ EXPO traded down $1.56 during mid-day trading on Friday, reaching $71.42. The company's stock had a trading volume of 365,089 shares, compared to its average volume of 446,063. The firm has a market capitalization of $3.61 billion, a PE ratio of 35.71 and a beta of 0.94. The stock has a fifty day moving average of $72.27 and a two-hundred day moving average of $76.81. Exponent, Inc. has a 52 week low of $63.81 and a 52 week high of $115.75.

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

Exponent Dividend Announcement

The firm 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 $0.30 dividend. 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 60.00%.

Insider Transactions at Exponent

In related news, VP Joseph Sala sold 1,595 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Catherine Corrigan sold 4,896 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $71.09, for a total value of $348,056.64. Following the transaction, the chief executive officer directly owned 81,342 shares of the company's stock, valued at approximately $5,782,602.78. The trade was 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 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.