AlphaCrest Capital Management LLC lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 50.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,756 shares of the business services provider's stock after purchasing an additional 1,585 shares during the period. AlphaCrest Capital Management LLC's holdings in Exponent were worth $514,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of Exponent by 0.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the business services provider's stock worth $2,819,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Exponent by 5.6% during the 1st quarter. Fifth Third Bancorp now owns 2,175 shares of the business services provider's stock worth $235,000 after purchasing an additional 116 shares in the last quarter. Fieldpoint Private Securities LLC raised its stake in shares of Exponent by 34.4% during the 1st quarter. Fieldpoint Private Securities LLC now owns 465 shares of the business services provider's stock worth $50,000 after purchasing an additional 119 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Exponent by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 20,897 shares of the business services provider's stock worth $2,258,000 after purchasing an additional 122 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Exponent by 6.4% during the 1st quarter. Kestra Advisory Services LLC now owns 2,188 shares of the business services provider's stock worth $236,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 90.41% of the company's stock.
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Insider Activity at Exponent
In other Exponent news, insider Sally Shepard sold 3,234 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $100.00, for a total transaction of $323,400.00. Following the transaction, the insider now owns 21,002 shares in the company, valued at approximately $2,100,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Exponent news, insider Sally Shepard sold 3,234 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $100.00, for a total transaction of $323,400.00. Following the transaction, the insider now owns 21,002 shares in the company, valued at approximately $2,100,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Maureen T. F. Reitman sold 3,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $99.10, for a total value of $297,300.00. Following the transaction, the vice president now owns 26,444 shares in the company, valued at approximately $2,620,600.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,743 shares of company stock worth $1,173,117. Company insiders own 2.00% of the company's stock.
Exponent Trading Up 2.2 %
EXPO opened at $94.91 on Thursday. Exponent, Inc. has a 1-year low of $80.97 and a 1-year high of $127.61. The stock's fifty day simple moving average is $96.04 and its 200 day simple moving average is $95.58. The stock has a market cap of $4.92 billion, a PE ratio of 50.22 and a beta of 0.59.
Exponent (NASDAQ:EXPO – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. Exponent had a return on equity of 25.93% and a net margin of 20.53%. The business had revenue of $130.28 million for the quarter, compared to analysts' expectations of $118.53 million. During the same quarter in the prior year, the business earned $0.48 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts forecast that Exponent, Inc. will post 1.85 earnings per share for the current year.
Exponent Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 8th. Exponent's dividend payout ratio (DPR) is presently 50.79%.
About Exponent
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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.
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