Teachers Retirement System of The State of Kentucky Sells 440 Shares of Exponent, Inc. (NASDAQ:EXPO)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 2.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,280 shares of the business services provider’s stock after selling 440 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Exponent were worth $1,992,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Exponent by 6.5% in the 2nd 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 acquiring an additional 284,179 shares during the period. International Assets Investment Management LLC bought a new stake in Exponent during the third quarter valued at about $11,261,000. Conestoga Capital Advisors LLC grew its stake in Exponent by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 2,763,260 shares of the business services provider’s stock valued at $262,841,000 after purchasing an additional 75,909 shares during the last quarter. Geode Capital Management LLC raised its holdings in Exponent by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after purchasing an additional 69,099 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Exponent by 219.0% during the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock valued at $11,127,000 after buying an additional 66,263 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Stock Performance

NASDAQ:EXPO opened at $93.06 on Tuesday. The company’s 50-day simple moving average is $101.47 and its 200-day simple moving average is $102.38. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The stock has a market capitalization of $4.72 billion, a P/E ratio of 44.96 and a beta of 0.70.

Exponent Announces Dividend

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 paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.20%. Exponent’s dividend payout ratio (DPR) is 54.11%.

Insiders Place Their Bets

In other news, Director Paul R. Johnston sold 1,300 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $95.03, for a total value of $123,539.00. Following the completion of the sale, the director now owns 59,406 shares of the company’s stock, valued at $5,645,352.18. This trade represents a 2.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol Lindstrom sold 1,039 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the transaction, the director now directly owns 5,871 shares in the company, valued at $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,339 shares of company stock valued at $3,103,065. 2.10% of the stock is currently owned by insiders.

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.