Bremer Bank National Association bought a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 964 shares of the business services provider’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXPO. BlackRock Inc. grew its stake in Exponent by 0.3% during the 1st quarter. BlackRock Inc. now owns 7,524,004 shares of the business services provider’s stock worth $434,286,000 after buying an additional 21,968 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in Exponent by 0.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,319,167 shares of the business services provider’s stock worth $133,862,000 after buying an additional 8,446 shares during the last quarter. Janus Henderson Group PLC grew its stake in Exponent by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,036,313 shares of the business services provider’s stock worth $59,816,000 after buying an additional 14,524 shares during the last quarter. Geode Capital Management LLC grew its stake in Exponent by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 648,674 shares of the business services provider’s stock worth $32,893,000 after buying an additional 56,600 shares during the last quarter. Finally, Norges Bank purchased a new position in Exponent during the 4th quarter worth approximately $27,435,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.

In other Exponent news, Director Carol Lindstrom sold 1,800 shares of Exponent stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $56.92, for a total value of $102,456.00. Following the transaction, the director now directly owns 3,212 shares in the company, valued at approximately $182,827.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

EXPO has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $64.00 price target (up previously from $56.00) on shares of Exponent in a research note on Monday, April 22nd. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, February 4th. BidaskClub upgraded Exponent from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, William Blair reiterated a “market perform” rating on shares of Exponent in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Exponent presently has an average rating of “Buy” and a consensus price target of $61.33.

Shares of EXPO stock opened at $56.05 on Monday. Exponent, Inc. has a twelve month low of $44.44 and a twelve month high of $59.80. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 40.62 and a beta of 0.44. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.06.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 18th. The business services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. Exponent had a return on equity of 23.10% and a net margin of 19.53%. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $93.52 million. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that Exponent, Inc. will post 1.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.16 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.14%. Exponent’s dividend payout ratio (DPR) is currently 51.20%.

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About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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