Gotham Asset Management LLC Takes Position in Exponent, Inc. (NASDAQ:EXPO)

Gotham Asset Management LLC acquired a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,922 shares of the business services provider’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock worth $11,127,000 after purchasing an additional 66,263 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Exponent by 223.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider’s stock worth $541,000 after purchasing an additional 4,254 shares during the last quarter. KBC Group NV raised its stake in shares of Exponent by 62.4% in the fourth quarter. KBC Group NV now owns 2,274 shares of the business services provider’s stock worth $203,000 after purchasing an additional 874 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in shares of Exponent by 12.4% in the fourth quarter. PineStone Asset Management Inc. now owns 98,311 shares of the business services provider’s stock valued at $8,760,000 after acquiring an additional 10,811 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Exponent by 28.8% in the fourth quarter. Empowered Funds LLC now owns 12,272 shares of the business services provider’s stock valued at $1,093,000 after acquiring an additional 2,747 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of the transaction, the vice president now directly owns 1,800 shares of the company’s stock, valued at approximately $154,674. This represents a 49.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Exponent Stock Down 0.8%

EXPO stock opened at $79.32 on Wednesday. The firm has a market cap of $4.03 billion, a PE ratio of 37.42 and a beta of 0.95. The business has a 50 day moving average of $79.17 and a 200-day moving average of $87.58. Exponent, Inc. has a 12-month low of $73.37 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. Exponent had a return on equity of 27.27% and a net margin of 19.52%. Exponent’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, research analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is 58.54%.

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.