Atria Investments Inc Lowers Holdings in Exponent, Inc. (NASDAQ:EXPO)

Atria Investments Inc decreased its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,632 shares of the business services provider’s stock after selling 2,200 shares during the quarter. Atria Investments Inc’s holdings in Exponent were worth $2,017,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EXPO. Private Trust Co. NA raised its stake in shares of Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Westside Investment Management Inc. purchased a new position in shares of Exponent in the third quarter worth $26,000. Trust Co. of Vermont purchased a new position in shares of Exponent in the fourth quarter worth $45,000. Anchor Investment Management LLC purchased a new position in shares of Exponent in the third quarter worth $64,000. Finally, Quarry LP raised its stake in shares of Exponent by 127.9% in the third quarter. Quarry LP now owns 604 shares of the business services provider’s stock worth $70,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

EXPO stock opened at $85.54 on Monday. Exponent, Inc. has a 1-year low of $77.21 and a 1-year high of $115.75. The business has a fifty day moving average price of $89.14 and a 200-day moving average price of $98.16. The stock has a market capitalization of $4.35 billion, a P/E ratio of 40.35 and a beta of 0.77.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.41 earnings per share. As a group, analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, March 7th. This is a boost from Exponent’s previous quarterly dividend of $0.28. Exponent’s dividend payout ratio is 56.60%.

Insider Activity at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the company’s 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 sale, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. This represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by company 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.