PNC Financial Services Group Inc. Sells 2,160 Shares of Exponent, Inc. (NASDAQ:EXPO)

PNC Financial Services Group Inc. cut its holdings in Exponent, Inc. (NASDAQ:EXPOFree Report) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,282 shares of the business services provider’s stock after selling 2,160 shares during the period. PNC Financial Services Group Inc.’s holdings in Exponent were worth $905,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EXPO. Norges Bank acquired a new stake in Exponent during the fourth quarter worth about $45,786,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Exponent by 9.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,685,472 shares of the business services provider’s stock worth $401,076,000 after buying an additional 408,295 shares in the last quarter. Invesco Ltd. grew its position in Exponent by 89.4% during the third quarter. Invesco Ltd. now owns 594,343 shares of the business services provider’s stock worth $50,876,000 after buying an additional 280,600 shares in the last quarter. Geneva Capital Management LLC grew its position in Exponent by 10.4% during the fourth quarter. Geneva Capital Management LLC now owns 1,558,189 shares of the business services provider’s stock worth $137,183,000 after buying an additional 146,778 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Exponent by 33.4% during the third quarter. Envestnet Asset Management Inc. now owns 458,946 shares of the business services provider’s stock worth $39,286,000 after buying an additional 114,853 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXPO shares. Truist Financial lifted their price objective on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, April 29th. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th.

Get Our Latest Report on EXPO

Exponent Price Performance

Shares of EXPO opened at $94.04 on Friday. The company has a market capitalization of $4.77 billion, a P/E ratio of 47.49 and a beta of 0.64. Exponent, Inc. has a one year low of $64.61 and a one year high of $102.72. The business’s 50 day simple moving average is $87.24 and its 200-day simple moving average is $84.23.

Exponent (NASDAQ:EXPOGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. Exponent had a net margin of 18.72% and a return on equity of 28.13%. The firm had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $125.98 million. During the same quarter in the previous year, the company posted $0.56 EPS. Exponent’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Exponent, Inc. will post 1.92 EPS for the current fiscal year.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, June 7th. Exponent’s payout ratio is 56.57%.

Insider Buying and Selling at Exponent

In other Exponent news, insider Eric Guyer sold 1,650 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total transaction of $152,757.00. Following the completion of the sale, the insider now owns 1,846 shares in the company, valued at approximately $170,902.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Eric Guyer sold 1,650 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total value of $152,757.00. Following the completion of the sale, the insider now owns 1,846 shares in the company, valued at approximately $170,902.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Bradley A. James sold 3,528 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $95.00, for a total transaction of $335,160.00. Following the completion of the sale, the vice president now owns 2,030 shares of the company’s stock, valued at approximately $192,850. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,067 shares of company stock worth $2,086,475. Insiders own 2.10% of the company’s stock.

Exponent Profile

(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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