Quest Partners LLC Grows Position in Exponent, Inc. (NASDAQ:EXPO)

Quest Partners LLC increased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 725.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,396 shares of the business services provider’s stock after purchasing an additional 13,531 shares during the quarter. Quest Partners LLC’s holdings in Exponent were worth $1,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXPO. Bamco Inc. NY acquired a new stake in shares of Exponent during the first quarter valued at about $25,904,000. Vanguard Group Inc. raised its position in Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after purchasing an additional 291,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Exponent by 6.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares during the period. Assenagon Asset Management S.A. acquired a new position in Exponent during the second quarter worth $22,050,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Exponent during the third quarter worth $11,261,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Paul R. Johnston sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $103.83, for a total transaction of $726,810.00. Following the sale, the director now directly owns 80,742 shares in the company, valued at approximately $8,383,441.86. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carol Lindstrom sold 1,039 shares of Exponent stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $100,076.48. Following the completion of the transaction, the director now owns 5,871 shares of the company’s stock, valued at $565,494.72. This represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,039 shares of company stock worth $2,979,526. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

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

Exponent Stock Performance

Shares of EXPO stock opened at $96.01 on Tuesday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 46.38 and a beta of 0.69. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The company has a 50 day moving average price of $107.07 and a 200 day moving average price of $102.14.

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, December 6th. Exponent’s payout ratio is currently 54.11%.

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.