Public Employees Retirement Association of Colorado Decreases Position in Exponent Inc. (EXPO)
Public Employees Retirement Association of Colorado decreased its stake in Exponent Inc. (NASDAQ:EXPO) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,667 shares of the company’s stock after selling 1,276 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Exponent were worth $12,597,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Panagora Asset Management Inc. boosted its position in Exponent by 66.6% in the first quarter. Panagora Asset Management Inc. now owns 133,631 shares of the company’s stock worth $6,816,000 after buying an additional 53,421 shares during the period. GW&K Investment Management LLC boosted its position in Exponent by 17.2% in the second quarter. GW&K Investment Management LLC now owns 316,076 shares of the company’s stock worth $18,462,000 after buying an additional 46,418 shares during the period. TIAA CREF Investment Management LLC boosted its position in Exponent by 18.6% in the first quarter. TIAA CREF Investment Management LLC now owns 127,472 shares of the company’s stock worth $6,502,000 after buying an additional 20,023 shares during the period. Tiverton Asset Management LLC bought a new position in Exponent during the first quarter worth approximately $932,000. Finally, Nordea Investment Management AB bought a new position in Exponent during the second quarter worth approximately $684,000. 91.46% of the stock is owned by institutional investors and hedge funds.
Shares of Exponent Inc. (NASDAQ:EXPO) traded down 0.67% on Thursday, reaching $48.96. 56,809 shares of the company were exchanged. Exponent Inc. has a 12-month low of $44.82 and a 12-month high of $59.71. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.98 and a beta of 0.85. The stock’s 50-day moving average is $50.19 and its 200 day moving average is $51.92.
Exponent (NASDAQ:EXPO) last posted its earnings results on Tuesday, July 19th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.05. The company had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $80.46 million. Exponent had a net margin of 15.13% and a return on equity of 16.02%. On average, analysts forecast that Exponent Inc. will post $1.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, August 31st. Exponent’s payout ratio is presently 41.62%.
EXPO has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Exponent from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 20th. Cantor Fitzgerald initiated coverage on shares of Exponent in a report on Friday, August 26th. They issued a “buy” rating and a $57.00 price objective for the company. Finally, Avondale Partners initiated coverage on shares of Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price objective for the company.
In other Exponent news, insider Paul Boehm sold 5,000 shares of Exponent stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $52.18, for a total transaction of $260,900.00. Following the completion of the transaction, the insider now owns 24,045 shares of the company’s stock, valued at approximately $1,254,668.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.
Exponent Company Profile
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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