Arizona State Retirement System Sells 168 Shares of Exponent, Inc. (NASDAQ:EXPO)

Arizona State Retirement System reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,555 shares of the business services provider’s stock after selling 168 shares during the quarter. Arizona State Retirement System’s holdings in Exponent were worth $1,180,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXPO. Norges Bank purchased a new stake in shares of Exponent during the fourth quarter valued at $52,381,000. Resona Asset Management Co. Ltd. purchased a new stake in Exponent in the fourth quarter worth about $38,538,000. BLI Banque de Luxembourg Investments purchased a new stake in Exponent in the fourth quarter worth about $12,564,000. Barclays PLC lifted its stake in Exponent by 88.5% in the fourth quarter. Barclays PLC now owns 181,921 shares of the business services provider’s stock worth $16,209,000 after acquiring an additional 85,395 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Exponent by 1,061.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 85,790 shares of the business services provider’s stock worth $7,644,000 after acquiring an additional 78,401 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Joseph Rakow sold 1,573 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Bradley A. James sold 2,694 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,267 shares of company stock worth $489,120. 1.60% of the stock is owned by company insiders.

Exponent Price Performance

NASDAQ:EXPO opened at $72.51 on Friday. Exponent, Inc. has a 1-year low of $71.72 and a 1-year high of $115.75. The company has a 50-day moving average of $76.26 and a 200 day moving average of $81.51. The firm has a market cap of $3.68 billion, a PE ratio of 35.37 and a beta of 0.90.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.65%. Exponent’s dividend payout ratio (DPR) is presently 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.