Exponent, Inc. (EXPO) Shares Sold by Citigroup Inc.
Citigroup Inc. lowered its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 18.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,830 shares of the business services provider’s stock after selling 4,146 shares during the quarter. Citigroup Inc. owned 0.07% of Exponent worth $1,098,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in shares of Exponent by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock worth $478,000 after purchasing an additional 21 shares during the period. Bank of Montreal Can raised its position in shares of Exponent by 0.7% during the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock worth $189,000 after purchasing an additional 22 shares during the period. Miles Capital Inc. raised its position in shares of Exponent by 1.8% during the first quarter. Miles Capital Inc. now owns 3,824 shares of the business services provider’s stock worth $228,000 after purchasing an additional 67 shares during the period. Pinebridge Investments L.P. raised its position in shares of Exponent by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after purchasing an additional 70 shares during the period. Finally, UBS Group AG raised its position in shares of Exponent by 0.3% during the first quarter. UBS Group AG now owns 36,673 shares of the business services provider’s stock worth $2,184,000 after purchasing an additional 98 shares during the period. 88.26% of the stock is currently owned by institutional investors.
Exponent, Inc. (NASDAQ EXPO) opened at 75.30 on Friday. Exponent, Inc. has a 12-month low of $48.42 and a 12-month high of $76.20. The company’s 50 day moving average price is $69.88 and its 200-day moving average price is $62.97. The company has a market capitalization of $1.94 billion, a P/E ratio of 39.04 and a beta of 0.61.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The business had revenue of $84.10 million for the quarter, compared to the consensus estimate of $79.30 million. During the same period in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, August 30th. Exponent’s dividend payout ratio (DPR) is currently 43.52%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Exponent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Cantor Fitzgerald reiterated a “buy” rating and set a $75.00 price objective on shares of Exponent in a report on Thursday, August 31st. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub upgraded Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th.
In related news, CEO Paul R. Johnston sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $74.01, for a total transaction of $222,030.00. Following the transaction, the chief executive officer now directly owns 32,342 shares of the company’s stock, valued at approximately $2,393,631.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sally Shepard sold 1,255 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $65.37, for a total value of $82,039.35. Following the transaction, the insider now directly owns 1,560 shares in the company, valued at $101,977.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,848 shares of company stock worth $5,425,477. 2.80% of the stock is owned by company 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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