Robeco Schweiz AG Acquires 23,000 Shares of Exponent, Inc. (NASDAQ:EXPO)

Robeco Schweiz AG increased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 306.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,500 shares of the business services provider's stock after purchasing an additional 23,000 shares during the period. Robeco Schweiz AG owned 0.06% of Exponent worth $2,472,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPO. Norges Bank bought a new stake in shares of Exponent during the fourth quarter worth approximately $52,381,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Exponent during the fourth quarter worth approximately $38,538,000. BLI Banque de Luxembourg Investments bought a new stake in shares of Exponent during the fourth quarter worth approximately $12,564,000. Barclays PLC boosted its holdings in shares of Exponent by 88.5% during the fourth quarter. Barclays PLC now owns 181,921 shares of the business services provider's stock worth $16,209,000 after acquiring an additional 85,395 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Exponent by 1,061.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 85,790 shares of the business services provider's stock worth $7,644,000 after acquiring an additional 78,401 shares during the period. Institutional investors own 92.37% of the company's stock.

Exponent Stock Down 2.2%

Shares of NASDAQ:EXPO opened at $74.32 on Friday. Exponent, Inc. has a 12-month low of $72.43 and a 12-month high of $115.75. The stock has a market cap of $3.77 billion, a PE ratio of 36.25 and a beta of 0.90. The business has a 50 day moving average of $76.52 and a 200-day moving average of $82.13.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The company had revenue of $137.44 million during the quarter, compared to analysts' expectations of $134.63 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business's revenue was up .2% on a year-over-year basis. Equities research analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Exponent's payout ratio is 58.54%.

Insider Activity

In other news, VP John Pye sold 2,000 shares of Exponent stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the sale, the vice president directly owned 29,204 shares in the company, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction that occurred on Tuesday, May 27th. The shares were 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. Over the last ninety days, insiders sold 6,267 shares of company stock worth $489,120. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.