GSA Capital Partners LLP acquired a new stake in Exponent, Inc. (NASDAQ:EXPO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,287 shares of the business services provider’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPO. BlackRock Inc. lifted its holdings in Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after buying an additional 3,072,790 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Exponent by 15.6% in the second quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock valued at $42,394,000 after buying an additional 98,280 shares during the period. Vanguard Group Inc. lifted its holdings in Exponent by 3.9% in the first quarter. Vanguard Group Inc. now owns 2,176,141 shares of the business services provider’s stock valued at $129,590,000 after buying an additional 81,811 shares during the period. GW&K Investment Management LLC lifted its holdings in Exponent by 20.4% in the second quarter. GW&K Investment Management LLC now owns 407,557 shares of the business services provider’s stock valued at $23,761,000 after buying an additional 68,938 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Exponent by 22.6% in the first quarter. Bank of America Corp DE now owns 228,625 shares of the business services provider’s stock valued at $13,614,000 after buying an additional 42,161 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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Several brokerages recently weighed in on EXPO. Zacks Investment Research lowered shares of Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. Cantor Fitzgerald restated a “buy” rating and issued a $75.00 price objective on shares of Exponent in a report on Thursday, August 31st. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub lowered shares of Exponent from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th.

In related news, CEO Paul R. Johnston sold 5,000 shares of Exponent stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $64.41, for a total transaction of $322,050.00. Following the sale, the chief executive officer now directly owns 66,335 shares in the company, valued at approximately $4,272,637.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul R. Johnston sold 3,000 shares of Exponent 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 sale, the chief executive officer now owns 32,342 shares in the company, valued at $2,393,631.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,848 shares of company stock worth $5,425,477. 2.80% of the stock is owned by corporate insiders.

Exponent, Inc. (NASDAQ:EXPO) opened at 74.60 on Wednesday. Exponent, Inc. has a one year low of $48.72 and a one year high of $76.20. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 38.67 and a beta of 0.61. The company has a 50-day moving average of $71.86 and a 200 day moving average of $63.75.

Exponent (NASDAQ:EXPO) last posted its earnings results on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to the consensus estimate of $79.30 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, analysts anticipate that Exponent, Inc. will post $1.97 EPS for the current year.

Exponent Profile

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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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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