Corient Private Wealth LLC Cuts Position in Exponent, Inc. (NASDAQ:EXPO)

Corient Private Wealth LLC lessened its position in shares of Exponent, Inc. (NASDAQ:EXPOFree Report) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,817 shares of the business services provider’s stock after selling 1,868 shares during the quarter. Corient Private Wealth LLC’s holdings in Exponent were worth $512,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in shares of Exponent in the 3rd quarter valued at approximately $39,000. Principal Securities Inc. bought a new stake in shares of Exponent in the 4th quarter valued at approximately $69,000. Eagle Bay Advisors LLC lifted its stake in shares of Exponent by 104.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 668 shares during the last quarter. Covestor Ltd lifted its stake in shares of Exponent by 24.8% in the 3rd quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 293 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Exponent by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insiders Place Their Bets

In other Exponent news, VP Bradley A. James sold 3,528 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $95.00, for a total transaction of $335,160.00. Following the transaction, the vice president now directly owns 2,030 shares in the company, valued at approximately $192,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Exponent news, VP Bradley A. James sold 3,528 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $95.00, for a total transaction of $335,160.00. Following the transaction, the vice president now directly owns 2,030 shares in the company, valued at approximately $192,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total value of $152,757.00. Following the transaction, the insider now owns 1,846 shares in the company, valued at $170,902.68. The disclosure for this sale can be found here. Insiders have sold 29,067 shares of company stock worth $2,741,885 in the last ninety days. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPO. Truist Financial raised their price objective on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 29th. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th.

View Our Latest Report on EXPO

Exponent Stock Performance

Shares of EXPO stock opened at $95.14 on Friday. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $102.72. The firm has a market capitalization of $4.82 billion, a P/E ratio of 48.05 and a beta of 0.65. The stock has a 50 day moving average price of $88.64 and a 200 day moving average price of $84.86.

Exponent (NASDAQ:EXPOGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The firm had revenue of $137.21 million during the quarter, compared to analyst estimates of $125.98 million. During the same period last year, the company earned $0.56 EPS. Exponent’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Exponent, Inc. will post 1.92 EPS for the current year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s dividend payout ratio is currently 56.57%.

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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