Exponent, Inc. (EXPO) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 55.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,614 shares of the business services provider’s stock after acquiring an additional 4,883 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.05% of Exponent worth $1,006,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Alps Advisors Inc. grew its stake in Exponent by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock valued at $478,000 after acquiring an additional 21 shares in the last quarter. Bank of Montreal Can grew its stake in Exponent by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 22 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Exponent by 2.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 70 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Exponent by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 100 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Exponent by 5.1% during the 2nd quarter. Amalgamated Bank now owns 3,553 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 171 shares in the last quarter. 88.61% of the stock is currently owned by institutional investors.
EXPO has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $82.00 target price on shares of Exponent in a research note on Sunday, November 5th. Zacks Investment Research cut Exponent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $77.00 target price on shares of Exponent in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Exponent currently has an average rating of “Hold” and a consensus price target of $80.00.
Shares of Exponent, Inc. (EXPO) opened at $74.85 on Friday. The stock has a market capitalization of $1,948.71, a PE ratio of 41.26 and a beta of 0.57. Exponent, Inc. has a 1-year low of $55.75 and a 1-year high of $77.15.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Wednesday, October 18th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The business had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. Exponent had a return on equity of 17.21% and a net margin of 16.46%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. equities research analysts expect that Exponent, Inc. will post 2.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. Exponent’s dividend payout ratio is 40.98%.
In other news, CEO Paul R. Johnston sold 4,000 shares of Exponent stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $69.42, for a total transaction of $277,680.00. Following the completion of the sale, the chief executive officer now directly owns 46,090 shares in the company, valued at approximately $3,199,567.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul R. Johnston sold 3,150 shares of Exponent stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $69.20, for a total value of $217,980.00. Following the sale, the chief executive officer now owns 50,090 shares of the company’s stock, valued at $3,466,228. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,898 shares of company stock valued at $1,763,360. 2.80% of the stock is owned by corporate insiders.
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Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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