SG Americas Securities LLC Trims Stock Position in Exponent, Inc. (NASDAQ:EXPO)

SG Americas Securities LLC cut its holdings in Exponent, Inc. (NASDAQ:EXPOGet Rating) by 67.2% during the third quarter, HoldingsChannel reports. The firm owned 7,314 shares of the business services provider’s stock after selling 15,002 shares during the period. SG Americas Securities LLC’s holdings in Exponent were worth $641,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in Exponent by 112.4% during the third quarter. Raymond James & Associates now owns 438,132 shares of the business services provider’s stock worth $38,411,000 after buying an additional 231,882 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Exponent by 86.6% in the second quarter. Millennium Management LLC now owns 379,297 shares of the business services provider’s stock valued at $34,694,000 after purchasing an additional 176,062 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Exponent by 30.4% in the second quarter. Wells Fargo & Company MN now owns 753,957 shares of the business services provider’s stock valued at $68,964,000 after purchasing an additional 175,563 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Exponent by 541.1% in the second quarter. Renaissance Technologies LLC now owns 194,900 shares of the business services provider’s stock valued at $17,828,000 after purchasing an additional 164,500 shares in the last quarter. Finally, Emerald Advisers LLC purchased a new stake in shares of Exponent in the second quarter valued at about $13,665,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on EXPO. StockNews.com began coverage on shares of Exponent in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. William Blair reissued a “market perform” rating on shares of Exponent in a research note on Tuesday, November 1st.

Insider Buying and Selling

In other news, VP Bradley A. James sold 575 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $96.21, for a total value of $55,320.75. Following the completion of the sale, the vice president now owns 6,186 shares of the company’s stock, valued at $595,155.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Exponent Stock Performance

Shares of EXPO opened at $101.07 on Friday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 53.20 and a beta of 0.64. The company’s 50 day simple moving average is $100.85 and its 200 day simple moving average is $96.47. Exponent, Inc. has a 1 year low of $80.97 and a 1 year high of $112.06.

Exponent (NASDAQ:EXPOGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $115.14 million for the quarter, compared to the consensus estimate of $114.00 million. Exponent had a net margin of 20.06% and a return on equity of 27.40%. Equities analysts expect that Exponent, Inc. will post 1.92 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, December 8th. Exponent’s dividend payout ratio (DPR) is 50.53%.

Exponent Company Profile

(Get Rating)

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. It 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.

Further Reading

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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