Squarepoint Ops LLC grew its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 92.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,434 shares of the business services provider’s stock after acquiring an additional 13,181 shares during the period. Squarepoint Ops LLC’s holdings in Exponent were worth $1,918,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of EXPO. Strs Ohio increased its position in Exponent by 62.4% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 8,800 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Exponent by 950.8% in the 2nd quarter. SG Americas Securities LLC now owns 63,266 shares of the business services provider’s stock worth $3,704,000 after purchasing an additional 57,245 shares in the last quarter. Aperio Group LLC raised its stake in shares of Exponent by 6.8% in the second quarter. Aperio Group LLC now owns 25,227 shares of the business services provider’s stock worth $1,477,000 after purchasing an additional 1,602 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Exponent by 1.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,400 shares of the business services provider’s stock worth $902,000 after purchasing an additional 150 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Exponent by 12.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 510,155 shares of the business services provider’s stock valued at $29,864,000 after purchasing an additional 55,823 shares in the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EXPO opened at $65.55 on Monday. The firm has a fifty day simple moving average of $63.81 and a two-hundred day simple moving average of $64.67. The firm has a market cap of $3.37 billion, a PE ratio of 52.44 and a beta of 0.38. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05. Exponent, Inc. has a 1-year low of $46.00 and a 1-year high of $72.70.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Exponent had a return on equity of 23.62% and a net margin of 19.88%. The firm had revenue of $101.50 million for the quarter, compared to the consensus estimate of $100.17 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Exponent, Inc. will post 1.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 5th. Exponent’s dividend payout ratio is 51.20%.
In related news, Director Paul R. Johnston sold 3,992 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $64.73, for a total value of $258,402.16. Following the transaction, the director now owns 92,499 shares of the company’s stock, valued at $5,987,460.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Harri Kytomaa sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $61.56, for a total transaction of $110,808.00. Following the sale, the vice president now owns 7,599 shares of the company’s stock, valued at $467,794.44. The disclosure for this sale can be found here. In the last three months, insiders sold 67,800 shares of company stock worth $4,301,198. 2.30% of the stock is owned by corporate insiders.
EXPO has been the subject of several research analyst reports. SunTrust Banks lifted their price objective on Exponent from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Sidoti upped their target price on shares of Exponent from $60.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday. BidaskClub upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine cut shares of Exponent from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Exponent currently has an average rating of “Hold” and an average price target of $74.50.
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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