Quantbot Technologies LP reduced its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 55.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,400 shares of the business services provider’s stock after selling 6,600 shares during the period. Quantbot Technologies LP’s holdings in Exponent were worth $399,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EXPO. Alps Advisors Inc. boosted its holdings in shares of Exponent by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 21 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Exponent by 0.7% in the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 22 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Exponent by 2.1% in the second quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 70 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Exponent by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 100 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Exponent by 5.1% in the second quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 171 shares in the last quarter. 88.61% of the stock is currently owned by institutional investors.
Shares of Exponent, Inc. (EXPO) opened at $74.25 on Wednesday. The company has a market cap of $1,935.81, a PE ratio of 40.98 and a beta of 0.57. Exponent, Inc. has a fifty-two week low of $55.75 and a fifty-two week high of $77.15.
Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $87.60 million for the quarter, compared to the consensus estimate of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. analysts anticipate that Exponent, Inc. will post 2.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, November 30th. Exponent’s dividend payout ratio is currently 40.98%.
EXPO has been the topic of several analyst reports. Cantor Fitzgerald lifted their target price on shares of Exponent to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 19th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $77.00 target price on shares of Exponent in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.00.
In other Exponent news, CEO Paul R. Johnston sold 4,000 shares of Exponent stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $69.42, for a total transaction of $277,680.00. Following the completion of the transaction, the chief executive officer now owns 46,090 shares in the company, valued at $3,199,567.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Paul R. Johnston sold 3,000 shares of Exponent stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $74.01, for a total transaction of $222,030.00. Following the transaction, the chief executive officer now owns 32,342 shares of the company’s stock, valued at approximately $2,393,631.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,898 shares of company stock worth $1,492,400. 2.80% of the stock is owned by insiders.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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