First Trust Advisors LP Sells 4,081 Shares of Exponent, Inc. (EXPO)

First Trust Advisors LP reduced its stake in Exponent, Inc. (NASDAQ:EXPO) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,542 shares of the business services provider’s stock after selling 4,081 shares during the quarter. First Trust Advisors LP owned approximately 0.17% of Exponent worth $3,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Exponent by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock worth $131,841,000 after purchasing an additional 85,291 shares during the period. State Street Corp raised its holdings in Exponent by 4.5% in the 2nd quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock worth $37,436,000 after purchasing an additional 27,930 shares during the period. Renaissance Technologies LLC raised its holdings in Exponent by 43.8% in the 2nd quarter. Renaissance Technologies LLC now owns 530,700 shares of the business services provider’s stock worth $30,940,000 after purchasing an additional 161,600 shares during the period. Northern Trust Corp raised its holdings in Exponent by 2.0% in the 2nd quarter. Northern Trust Corp now owns 478,610 shares of the business services provider’s stock worth $27,903,000 after purchasing an additional 9,593 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Exponent by 38.6% in the 2nd quarter. Voya Investment Management LLC now owns 420,597 shares of the business services provider’s stock worth $24,521,000 after purchasing an additional 117,147 shares during the period. 88.96% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on EXPO. Zacks Investment Research cut Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. SunTrust Banks, Inc. reissued a “hold” rating and set a $77.00 price target on shares of Exponent in a report on Thursday, October 19th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $82.00 price target on shares of Exponent in a report on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.00.

In other Exponent news, CEO Paul R. Johnston sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $65.84, for a total transaction of $269,614.80. Following the sale, the chief executive officer now directly owns 57,240 shares of the company’s stock, valued at $3,768,681.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Paul R. Johnston sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $74.01, for a total value of $222,030.00. Following the sale, the chief executive officer now directly owns 32,342 shares in the company, valued at $2,393,631.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,993 shares of company stock worth $2,355,575. Insiders own 2.80% of the company’s stock.

Shares of Exponent, Inc. (EXPO) opened at $74.25 on Tuesday. The company has a market capitalization of $1,897.09, a PE ratio of 40.16 and a beta of 0.58. Exponent, Inc. has a twelve month low of $55.75 and a twelve month high of $77.15.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. The business had revenue of $87.60 million for the quarter, compared to analysts’ expectations of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. equities analysts anticipate that Exponent, Inc. will post 2.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.13%. Exponent’s dividend payout ratio is presently 40.98%.

ILLEGAL ACTIVITY WARNING: “First Trust Advisors LP Sells 4,081 Shares of Exponent, Inc. (EXPO)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/11/21/first-trust-advisors-lp-sells-4081-shares-of-exponent-inc-expo.html.

About Exponent

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

What are top analysts saying about Exponent Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Exponent Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit