Exponent, Inc. (EXPO) Shares Bought by Fmr LLC
Fmr LLC lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 80.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 999,918 shares of the business services provider’s stock after purchasing an additional 444,647 shares during the period. Fmr LLC owned about 1.92% of Exponent worth $48,296,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Strs Ohio bought a new position in shares of Exponent during the second quarter worth about $101,000. We Are One Seven LLC lifted its position in shares of Exponent by 259.4% during the first quarter. We Are One Seven LLC now owns 1,434 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,035 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Exponent by 100.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,476 shares during the last quarter. KBC Group NV bought a new position in shares of Exponent during the second quarter worth about $150,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Exponent by 2,500.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,250 shares of the business services provider’s stock worth $157,000 after purchasing an additional 3,125 shares during the last quarter. 88.83% of the stock is currently owned by institutional investors and hedge funds.
In other Exponent news, insider Richard Reiss sold 2,236 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $49.43, for a total value of $110,525.48. Following the transaction, the insider now owns 4,054 shares of the company’s stock, valued at $200,389.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.
Shares of NASDAQ EXPO opened at $52.50 on Tuesday. Exponent, Inc. has a 52-week low of $34.80 and a 52-week high of $54.58. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 49.02 and a beta of 0.59.
Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Exponent had a net margin of 13.51% and a return on equity of 20.52%. The firm had revenue of $95.60 million for the quarter, compared to analysts’ expectations of $89.42 million. During the same quarter last year, the company posted $0.51 earnings per share. Exponent’s revenue was up 8.9% on a year-over-year basis. equities analysts expect that Exponent, Inc. will post 1.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.52 dividend on an annualized basis and a yield of 0.99%. Exponent’s dividend payout ratio is currently 48.60%.
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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