Edgestream Partners L.P. Purchases New Shares in Exponent, Inc. (NASDAQ:EXPO)

Edgestream Partners L.P. purchased a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,326 shares of the business services provider’s stock, valued at approximately $1,455,000.

Other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Exponent during the third quarter valued at approximately $26,000. Private Trust Co. NA boosted its position in shares of Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Exponent during the fourth quarter valued at approximately $45,000. Anchor Investment Management LLC bought a new stake in shares of Exponent during the third quarter valued at approximately $64,000. Finally, Quarry LP boosted its position in shares of Exponent by 127.9% during the third quarter. Quarry LP now owns 604 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 339 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Exponent Trading Down 1.7 %

Shares of NASDAQ:EXPO opened at $84.10 on Tuesday. The stock has a fifty day simple moving average of $89.04 and a two-hundred day simple moving average of $98.02. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 39.67 and a beta of 0.77. Exponent, Inc. has a 12-month low of $77.21 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities research analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.30 per share. This is a boost from Exponent’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. Exponent’s payout ratio is presently 56.60%.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.