Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Exponent, Inc. (NASDAQ:EXPO) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,609 shares of the business services provider’s stock after selling 1,008 shares during the period. Russell Investments Group Ltd.’s holdings in Exponent were worth $1,391,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EXPO. Venturi Wealth Management LLC increased its holdings in shares of Exponent by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 111 shares during the period. Heritage Family Offices LLP lifted its stake in shares of Exponent by 3.8% in the fourth quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 114 shares during the period. Arizona State Retirement System lifted its position in shares of Exponent by 0.9% during the 4th quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock valued at $1,312,000 after acquiring an additional 133 shares during the period. Private Trust Co. NA boosted its position in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Exponent by 3.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,418 shares of the business services provider’s stock worth $394,000 after buying an additional 161 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. This trade represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Exponent Price Performance

Shares of NASDAQ EXPO opened at $78.28 on Monday. The firm’s 50-day moving average is $82.36 and its two-hundred day moving average is $91.91. The company has a market capitalization of $3.98 billion, a PE ratio of 36.92 and a beta of 0.84. Exponent, Inc. has a 12-month low of $73.83 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period in the prior year, the business posted $0.41 earnings per share. On average, analysts forecast that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

About Exponent

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.