Amalgamated Bank Has $2.78 Million Stock Position in Exponent, Inc. (NASDAQ:EXPO)

Amalgamated Bank trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPOFree Report) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,455 shares of the business services provider’s stock after selling 770 shares during the period. Amalgamated Bank owned approximately 0.06% of Exponent worth $2,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPO. Norges Bank bought a new position in Exponent during the fourth quarter valued at about $51,619,000. Morgan Stanley increased its stake in Exponent by 87.7% during the fourth quarter. Morgan Stanley now owns 1,057,052 shares of the business services provider’s stock valued at $104,743,000 after acquiring an additional 493,847 shares during the period. Ameriprise Financial Inc. increased its stake in Exponent by 77.7% during the first quarter. Ameriprise Financial Inc. now owns 565,156 shares of the business services provider’s stock valued at $56,340,000 after acquiring an additional 247,075 shares during the period. Comerica Bank bought a new position in Exponent during the second quarter valued at about $209,880,000. Finally, Citadel Advisors LLC grew its stake in shares of Exponent by 550.2% in the 2nd quarter. Citadel Advisors LLC now owns 172,567 shares of the business services provider’s stock valued at $15,785,000 after purchasing an additional 146,028 shares during the period. 89.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Maureen T. F. Reitman sold 2,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $78.25, for a total transaction of $156,500.00. Following the sale, the vice president now directly owns 28,729 shares in the company, valued at approximately $2,248,044.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Exponent news, VP Maureen T. F. Reitman sold 2,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $78.25, for a total transaction of $156,500.00. Following the transaction, the vice president now owns 28,729 shares of the company’s stock, valued at approximately $2,248,044.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bradley A. James sold 600 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $78.98, for a total value of $47,388.00. Following the transaction, the vice president now directly owns 6,984 shares in the company, valued at approximately $551,596.32. The disclosure for this sale can be found here. Insiders have sold a total of 5,967 shares of company stock worth $468,164 in the last three months. Insiders own 2.20% of the company’s stock.

Exponent Trading Down 1.1 %

EXPO stock opened at $77.76 on Friday. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $108.85. The firm has a market cap of $3.93 billion, a P/E ratio of 39.88 and a beta of 0.72. The business’s 50 day moving average is $86.34 and its 200-day moving average is $85.41.

Exponent (NASDAQ:EXPOGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $113.87 million for the quarter, compared to the consensus estimate of $119.11 million. Exponent had a return on equity of 28.49% and a net margin of 18.69%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. Sell-side analysts forecast that Exponent, Inc. will post 1.76 EPS for the current year.

Exponent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.44%. Exponent’s dividend payout ratio is 57.44%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXPO shares. Truist Financial lowered their price objective on Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. StockNews.com lowered Exponent from a “hold” rating to a “sell” rating in a research note on Friday.

View Our Latest Analysis on EXPO

About Exponent

(Free Report)

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.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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