Exponent, Inc. (NASDAQ:EXPO) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,046 shares of the business services provider's stock after purchasing an additional 17,440 shares during the quarter. ProShare Advisors LLC owned approximately 0.19% of Exponent worth $8,647,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXPO. Barclays PLC lifted its stake in Exponent by 219.0% in the 3rd quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock valued at $11,127,000 after buying an additional 66,263 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Exponent by 223.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider's stock valued at $541,000 after acquiring an additional 4,254 shares in the last quarter. KBC Group NV lifted its position in shares of Exponent by 62.4% in the fourth quarter. KBC Group NV now owns 2,274 shares of the business services provider's stock valued at $203,000 after acquiring an additional 874 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in shares of Exponent by 12.4% in the fourth quarter. PineStone Asset Management Inc. now owns 98,311 shares of the business services provider's stock worth $8,760,000 after acquiring an additional 10,811 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Exponent by 28.8% during the fourth quarter. Empowered Funds LLC now owns 12,272 shares of the business services provider's stock worth $1,093,000 after purchasing an additional 2,747 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Exponent Trading Down 1.8%

EXPO stock traded down $1.36 during midday trading on Friday, reaching $76.07. The stock had a trading volume of 34,588 shares, compared to its average volume of 244,714. Exponent, Inc. has a 52-week low of $73.37 and a 52-week high of $115.75. The company's fifty day simple moving average is $78.95 and its 200 day simple moving average is $87.37. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 36.00 and a beta of 0.95.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $137.44 million during the quarter, compared to analysts' expectations of $134.63 million. Exponent had a net margin of 19.52% and a return on equity of 27.27%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Sell-side analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Exponent's payout ratio is 58.54%.

Insider Buying and Selling at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now owns 1,800 shares of the company's stock, valued at approximately $154,674. The trade was a 49.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bradley A. James sold 2,694 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. 2.10% of the stock is 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.