SG Americas Securities LLC Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

SG Americas Securities LLC purchased a new position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,209 shares of the business services provider's stock, valued at approximately $665,000.

Several other large investors also recently modified their holdings of EXPO. Private Trust Co. NA lifted its position in shares of Exponent by 129.8% during the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock valued at $25,000 after acquiring an additional 157 shares during the period. Atala Financial Inc bought a new stake in Exponent in the fourth quarter valued at $25,000. Whipplewood Advisors LLC increased its stake in Exponent by 5,333.3% in the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Exponent by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after purchasing an additional 191 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Exponent during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Exponent Price Performance

Shares of EXPO traded down $0.69 during trading hours on Wednesday, hitting $74.96. The stock had a trading volume of 293,727 shares, compared to its average volume of 256,743. Exponent, Inc. has a 1-year low of $72.43 and a 1-year high of $115.75. The firm has a market capitalization of $3.80 billion, a P/E ratio of 36.57 and a beta of 0.92. The firm has a 50 day simple moving average of $77.27 and a 200-day simple moving average of $83.61.

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

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, June 6th. Exponent's dividend payout ratio is currently 58.54%.

Insider Activity at Exponent

In other Exponent news, VP Joseph Rakow sold 1,573 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bradley A. James sold 2,694 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was 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. In the last 90 days, insiders sold 6,267 shares of company stock valued at $489,120. 1.60% of the stock is owned by company 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.