The Manufacturers Life Insurance Company lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 109.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,346 shares of the business services provider’s stock after purchasing an additional 113,554 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.42% of Exponent worth $15,630,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC raised its stake in shares of Exponent by 2.9% during the fourth quarter. Profund Advisors LLC now owns 5,477 shares of the business services provider’s stock worth $378,000 after purchasing an additional 155 shares during the last quarter. Archer Investment Corp raised its stake in shares of Exponent by 41.7% during the first quarter. Archer Investment Corp now owns 680 shares of the business services provider’s stock worth $49,000 after purchasing an additional 200 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Exponent by 8.1% during the first quarter. Personal CFO Solutions LLC now owns 3,346 shares of the business services provider’s stock worth $241,000 after acquiring an additional 251 shares during the period. Fieldpoint Private Securities LLC grew its holdings in Exponent by 74.4% during the fourth quarter. Fieldpoint Private Securities LLC now owns 736 shares of the business services provider’s stock worth $51,000 after acquiring an additional 314 shares during the period. Finally, MML Investors Services LLC grew its holdings in Exponent by 6.9% during the first quarter. MML Investors Services LLC now owns 4,954 shares of the business services provider’s stock worth $356,000 after acquiring an additional 321 shares during the period. Institutional investors and hedge funds own 88.84% of the company’s stock.

A number of research analysts recently weighed in on the company. ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. BidaskClub raised Exponent from a “hold” rating to a “buy” rating in a report on Thursday, May 21st. Zacks Investment Research raised Exponent from a “sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Sidoti upped their target price on Exponent from $80.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Exponent has a consensus rating of “Buy” and a consensus price target of $86.75.

Shares of NASDAQ:EXPO opened at $76.47 on Tuesday. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.05. Exponent, Inc. has a 52-week low of $57.81 and a 52-week high of $82.82. The stock’s fifty day simple moving average is $73.04 and its 200-day simple moving average is $71.81. The company has a market capitalization of $3.94 billion, a P/E ratio of 47.79 and a beta of 0.25.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 30th. The business services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Exponent had a return on equity of 25.03% and a net margin of 20.28%. The firm had revenue of $99.70 million for the quarter, compared to the consensus estimate of $101.21 million. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Exponent, Inc. will post 1.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.76 annualized dividend and a yield of 0.99%. Exponent’s dividend payout ratio (DPR) is presently 49.67%.

In related news, Director Paul R. Johnston sold 8,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $77.80, for a total transaction of $622,400.00. Following the transaction, the director now directly owns 71,627 shares in the company, valued at $5,572,580.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul R. Johnston sold 5,648 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $74.20, for a total value of $419,081.60. Following the transaction, the director now owns 69,275 shares in the company, valued at $5,140,205. The disclosure for this sale can be found here. Insiders have sold 60,070 shares of company stock worth $4,545,523 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Exponent Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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