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.
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%.
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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.
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