Voya Investment Management LLC Sells 1,626 Shares of Exponent, Inc. $EXPO

Voya Investment Management LLC reduced its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,579 shares of the business services provider’s stock after selling 1,626 shares during the period. Voya Investment Management LLC’s holdings in Exponent were worth $1,101,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Millennium Management LLC boosted its holdings in Exponent by 365.2% in the 4th quarter. Millennium Management LLC now owns 47,464 shares of the business services provider’s stock valued at $4,229,000 after purchasing an additional 37,260 shares during the period. Two Sigma Investments LP bought a new stake in Exponent in the 4th quarter valued at $366,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Exponent by 15.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,131 shares of the business services provider’s stock valued at $14,179,000 after purchasing an additional 20,904 shares during the period. GAMMA Investing LLC boosted its holdings in Exponent by 8,065.9% in the 1st quarter. GAMMA Investing LLC now owns 33,072 shares of the business services provider’s stock valued at $2,681,000 after purchasing an additional 32,667 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Exponent by 3.1% in the 1st quarter. Rhumbline Advisers now owns 184,891 shares of the business services provider’s stock valued at $14,987,000 after purchasing an additional 5,606 shares during the period. 92.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Catherine Corrigan sold 4,905 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $69.91, for a total transaction of $342,908.55. Following the completion of the transaction, the chief executive officer directly owned 82,753 shares of the company’s stock, valued at approximately $5,785,262.23. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Sala sold 1,595 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,396 shares of company stock valued at $803,636. Insiders own 1.60% of the company’s stock.

Exponent Price Performance

Shares of Exponent stock opened at $68.88 on Wednesday. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The firm has a fifty day moving average price of $70.89 and a two-hundred day moving average price of $75.50. The company has a market cap of $3.48 billion, a PE ratio of 34.44 and a beta of 0.94.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The firm had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Exponent’s dividend payout ratio is 60.00%.

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.