Exponent, Inc. $EXPO Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 60.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,561 shares of the business services provider’s stock after selling 19,439 shares during the quarter. AlphaQuest LLC’s holdings in Exponent were worth $938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Exponent by 10,200.0% in the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the last quarter. SVB Wealth LLC acquired a new position in Exponent in the first quarter valued at $80,000. Caitong International Asset Management Co. Ltd boosted its holdings in Exponent by 8,092.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Exponent by 43.7% in the first quarter. Covestor Ltd now owns 1,785 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 543 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity

In other news, CEO Catherine Corrigan sold 4,930 shares of Exponent stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $66.82, for a total transaction of $329,422.60. Following the sale, the chief executive officer directly owned 82,753 shares of the company’s stock, valued at approximately $5,529,555.46. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. Insiders sold 16,326 shares of company stock worth $1,133,059 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Exponent Price Performance

NASDAQ:EXPO opened at $69.31 on Monday. The business’s 50-day moving average is $69.43 and its two-hundred day moving average is $73.45. Exponent, Inc. has a 12 month low of $63.81 and a 12 month high of $112.75. The firm has a market capitalization of $3.50 billion, a PE ratio of 34.66 and a beta of 0.91.

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

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 1.7%. Exponent’s dividend payout ratio (DPR) is 60.00%.

Exponent Company 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.