Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 938,627 shares of the business services provider's stock after selling 14,906 shares during the period. Riverbridge Partners LLC owned approximately 1.85% of Exponent worth $82,637,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPO. Quarry LP acquired a new stake in shares of Exponent in the second quarter worth $25,000. Operose Advisors LLC acquired a new stake in shares of Exponent in the third quarter worth $39,000. Dark Forest Capital Management LP acquired a new stake in shares of Exponent in the first quarter worth $45,000. Pinebridge Investments L.P. acquired a new stake in shares of Exponent in the second quarter worth $68,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Exponent in the first quarter worth $74,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Exponent Price Performance

EXPO traded down $1.01 during trading hours on Thursday, reaching $78.96. 214,852 shares of the stock traded hands, compared to its average volume of 319,888. The firm's fifty day simple moving average is $80.27 and its two-hundred day simple moving average is $82.71. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 40.49 and a beta of 0.68. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $101.65.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The company had revenue of $113.87 million for the quarter, compared to the consensus estimate of $119.11 million. During the same quarter last year, the company earned $0.44 earnings per share. The company's revenue was up 1.1% compared to the same quarter last year. On average, research analysts predict that Exponent, Inc. will post 1.76 earnings per share for the current year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.42%. This is an increase from Exponent's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 7th. Exponent's dividend payout ratio is 57.44%.

Insider Buying and Selling at Exponent

In other Exponent news, insider Eric Guyer sold 3,367 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $78.49, for a total transaction of $264,275.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXPO. Truist Financial dropped their price objective on shares of Exponent from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, February 2nd. StockNews.com raised shares of Exponent from a "sell" rating to a "hold" rating in a report on Monday, March 4th.

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.

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO - Free Report).

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.