Lindenwold Advisors INC Reduces Position in Exponent, Inc. $EXPO

Lindenwold Advisors INC lessened its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,176 shares of the business services provider’s stock after selling 155 shares during the quarter. Lindenwold Advisors INC’s holdings in Exponent were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EXPO. GAMMA Investing LLC grew its stake in Exponent by 8,065.9% during the 1st quarter. GAMMA Investing LLC now owns 33,072 shares of the business services provider’s stock worth $2,681,000 after buying an additional 32,667 shares during the last quarter. UMB Bank n.a. grew its stake in Exponent by 859.1% during the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock worth $51,000 after buying an additional 567 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Exponent by 29.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider’s stock worth $265,000 after buying an additional 753 shares during the last quarter. SG Americas Securities LLC purchased a new position in Exponent during the 1st quarter worth approximately $665,000. Finally, Fifth Third Bancorp lifted its position in Exponent by 14.4% during the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider’s stock worth $554,000 after acquiring an additional 858 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

In other news, VP Joseph Sala sold 1,595 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Catherine Corrigan sold 4,905 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $69.91, for a total value of $342,908.55. Following the transaction, the chief executive officer directly owned 82,753 shares of the company’s stock, valued at approximately $5,785,262.23. This trade represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,396 shares of company stock valued at $803,636. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Exponent in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Exponent has a consensus rating of “Hold”.

Exponent Trading Down 0.0%

Exponent stock opened at $65.27 on Friday. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75. The stock has a 50 day moving average of $69.96 and a two-hundred day moving average of $74.30. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 32.64 and a beta of 0.91.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s dividend payout ratio is 60.00%.

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.