GSA Capital Partners LLP raised its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,340 shares of the business services provider’s stock after purchasing an additional 4,140 shares during the quarter. GSA Capital Partners LLP owned 0.05% of Exponent worth $1,465,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Exponent in the second quarter worth about $101,000. Fort L.P. purchased a new stake in shares of Exponent in the second quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Exponent by 100.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock worth $143,000 after buying an additional 1,476 shares during the last quarter. KBC Group NV purchased a new stake in shares of Exponent in the second quarter worth about $150,000. Finally, HPM Partners LLC purchased a new stake in shares of Exponent in the second quarter worth about $209,000. Institutional investors and hedge funds own 88.13% of the company’s stock.
EXPO has been the topic of a number of recent research reports. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, October 22nd. BidaskClub downgraded Exponent from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Berenberg Bank initiated coverage on Exponent in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.00.
In related news, VP Harri Kytomaa sold 3,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $51.50, for a total value of $154,500.00. Following the completion of the transaction, the vice president now owns 6,090 shares of the company’s stock, valued at approximately $313,635. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.
Shares of EXPO opened at $48.21 on Friday. Exponent, Inc. has a 52 week low of $34.90 and a 52 week high of $54.58. The stock has a market capitalization of $2.53 billion, a PE ratio of 45.06 and a beta of 0.61.
Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, October 18th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $88.71 million for the quarter, compared to the consensus estimate of $88.52 million. Exponent had a return on equity of 20.92% and a net margin of 13.98%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. As a group, research analysts expect that Exponent, Inc. will post 1.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.52 dividend on an annualized basis and a yield of 1.08%. Exponent’s payout ratio is 48.60%.
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Exponent Company Profile
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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