Bank of Montreal Can lessened its holdings in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,188 shares of the business services provider's stock after selling 16,723 shares during the period. Bank of Montreal Can owned approximately 0.12% of Exponent worth $6,914,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in Exponent by 0.4% during the first quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the business services provider's stock worth $2,819,000 after buying an additional 100 shares during the period. Fifth Third Bancorp boosted its stake in Exponent by 5.6% during the first quarter. Fifth Third Bancorp now owns 2,175 shares of the business services provider's stock worth $235,000 after buying an additional 116 shares during the period. Fieldpoint Private Securities LLC boosted its stake in Exponent by 34.4% during the first quarter. Fieldpoint Private Securities LLC now owns 465 shares of the business services provider's stock worth $50,000 after buying an additional 119 shares during the period. Maryland State Retirement & Pension System boosted its stake in Exponent by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 20,897 shares of the business services provider's stock worth $2,258,000 after buying an additional 122 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Exponent by 6.4% during the first quarter. Kestra Advisory Services LLC now owns 2,188 shares of the business services provider's stock worth $236,000 after buying an additional 132 shares during the period. Institutional investors own 90.41% of the company's stock.
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Exponent Stock Up 2.2 %
NASDAQ EXPO opened at $94.91 on Thursday. The company has a fifty day moving average of $96.04 and a two-hundred day moving average of $95.58. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 50.22 and a beta of 0.59. Exponent, Inc. has a 52 week low of $80.97 and a 52 week high of $127.61.
Exponent (NASDAQ:EXPO – Get Rating) last issued its earnings results on Thursday, July 28th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The firm had revenue of $130.28 million during the quarter, compared to analyst estimates of $118.53 million. Exponent had a net
margin of 20.53% and a return on equity of 25.93%. The business's revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts anticipate that Exponent, Inc. will post 1.85 EPS for the current year.
Exponent Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 8th. Exponent's dividend payout ratio is currently 50.79%.
Insider Activity
In other news, VP Maureen T. F. Reitman sold 3,000 shares of the business's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $98.90, for a total transaction of $296,700.00. Following the completion of the sale, the vice president now directly owns 29,444 shares of the company's stock, valued at $2,912,011.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Maureen T. F. Reitman sold 3,000 shares of Exponent stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $98.90, for a total value of $296,700.00. Following the completion of the sale, the vice president now directly owns 29,444 shares in the company, valued at $2,912,011.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sally Shepard sold 3,234 shares of Exponent stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $100.00, for a total value of $323,400.00. Following the completion of the sale, the insider now owns 21,002 shares of the company's stock, valued at $2,100,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,743 shares of company stock valued at $1,173,117. 2.00% of the stock is currently owned by company insiders.
Exponent Company Profile
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Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. It 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.
Further Reading
- Get a free copy of the StockNews.com research report on Exponent (EXPO)
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