Park Avenue Securities LLC Sells 537 Shares of Exponent, Inc. $EXPO

Park Avenue Securities LLC reduced its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,029 shares of the business services provider’s stock after selling 537 shares during the period. Park Avenue Securities LLC’s holdings in Exponent were worth $376,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of Exponent by 10,200.0% during the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Whipplewood Advisors LLC raised its position in Exponent by 5,333.3% in the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider’s stock worth $26,000 after acquiring an additional 320 shares during the period. UMB Bank n.a. boosted its stake in Exponent by 859.1% in the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 567 shares during the last quarter. Bessemer Group Inc. boosted its stake in Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in Exponent in the first quarter valued at about $80,000. 92.37% of the stock is owned by institutional investors.

Exponent Stock Up 0.1%

EXPO opened at $69.48 on Wednesday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 34.74 and a beta of 0.94. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75. The company’s 50-day moving average price is $70.55 and its two-hundred day moving average price is $75.04.

Exponent (NASDAQ:EXPO) last released its 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. The firm had revenue of $132.87 million for the quarter, compared to analysts’ expectations of $130.82 million. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, sell-side analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

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

Insider Transactions at Exponent

In other Exponent news, VP Joseph Sala sold 1,595 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Catherine Corrigan sold 4,905 shares of the business’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 owned 82,753 shares in the company, valued at approximately $5,785,262.23. The trade was a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,396 shares of company stock worth $803,636. Corporate insiders own 1.60% of the company’s stock.

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.