PineStone Asset Management Inc. Sells 8,800 Shares of Exponent, Inc. (NASDAQ:EXPO)

PineStone Asset Management Inc. lowered its position in Exponent, Inc. (NASDAQ:EXPO) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,500 shares of the business services provider’s stock after selling 8,800 shares during the period. PineStone Asset Management Inc. owned about 0.17% of Exponent worth $10,087,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its holdings in shares of Exponent by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 5,866 shares of the business services provider’s stock worth $676,000 after acquiring an additional 395 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Exponent during the 3rd quarter worth approximately $215,000. Arkadios Wealth Advisors raised its holdings in Exponent by 40.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 23,207 shares of the business services provider’s stock worth $2,675,000 after buying an additional 6,665 shares during the period. Argent Capital Management LLC lifted its stake in Exponent by 5.7% in the third quarter. Argent Capital Management LLC now owns 24,150 shares of the business services provider’s stock valued at $2,784,000 after buying an additional 1,298 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Exponent in the third quarter valued at approximately $11,261,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Price Performance

EXPO stock opened at $94.38 on Friday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 45.59 and a beta of 0.66. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The business has a 50-day moving average of $108.56 and a 200-day moving average of $100.54.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is currently 54.11%.

Analyst Ratings Changes

Separately, Truist Financial restated a “buy” rating and set a $120.00 price objective (up from $100.00) on shares of Exponent in a report on Friday, July 26th.

About Exponent

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.