UMB Bank n.a. Boosts Stake in Exponent, Inc. (NASDAQ:EXPO)

UMB Bank n.a. lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 859.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 633 shares of the business services provider’s stock after buying an additional 567 shares during the period. UMB Bank n.a.’s holdings in Exponent were worth $51,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Exponent by 223.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider’s stock valued at $541,000 after purchasing an additional 4,254 shares in the last quarter. PineStone Asset Management Inc. increased its position 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 buying an additional 10,811 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Exponent by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 8,903 shares of the business services provider’s stock worth $793,000 after buying an additional 264 shares during the period. Millennium Management LLC lifted its position in shares of Exponent by 365.2% during the 4th quarter. Millennium Management LLC now owns 47,464 shares of the business services provider’s stock valued at $4,229,000 after buying an additional 37,260 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Exponent by 28.8% during the 4th quarter. Empowered Funds LLC now owns 12,272 shares of the business services provider’s stock valued at $1,093,000 after buying an additional 2,747 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John Pye sold 2,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president now directly owns 29,204 shares of the company’s stock, valued at $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Joseph Rakow sold 1,573 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,267 shares of company stock worth $489,120. 2.10% of the stock is currently owned by insiders.

Exponent Trading Down 0.7%

Shares of Exponent stock opened at $75.10 on Friday. Exponent, Inc. has a twelve month low of $73.37 and a twelve month high of $115.75. The firm’s 50-day moving average price is $77.93 and its 200 day moving average price is $84.73. The firm has a market capitalization of $3.81 billion, a PE ratio of 35.42 and a beta of 0.92.

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

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Exponent’s payout ratio is currently 58.54%.

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.