Exponent, Inc. (EXPO) Shares Sold by Atlanta Capital Management Co. L L C
Atlanta Capital Management Co. L L C reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,843 shares of the business services provider’s stock after selling 18,308 shares during the quarter. Atlanta Capital Management Co. L L C owned about 3.14% of Exponent worth $59,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Exponent in the second quarter valued at $278,000. UBS Asset Management Americas Inc. grew its holdings in shares of Exponent by 6.9% in the second quarter. UBS Asset Management Americas Inc. now owns 60,030 shares of the business services provider’s stock valued at $3,500,000 after purchasing an additional 3,857 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Exponent by 70.1% in the second quarter. Citadel Advisors LLC now owns 10,604 shares of the business services provider’s stock valued at $618,000 after purchasing an additional 4,370 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Exponent by 2.3% in the second quarter. Principal Financial Group Inc. now owns 210,098 shares of the business services provider’s stock valued at $12,249,000 after purchasing an additional 4,794 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Exponent by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 116,210 shares of the business services provider’s stock valued at $6,776,000 after purchasing an additional 11,488 shares in the last quarter. 88.61% of the stock is owned by institutional investors and hedge funds.
Exponent, Inc. (NASDAQ EXPO) opened at $73.10 on Friday. The company has a market cap of $1,909.99, a price-to-earnings ratio of 40.44 and a beta of 0.57. Exponent, Inc. has a one year low of $55.75 and a one year high of $77.15.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Wednesday, October 18th. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The company had revenue of $87.60 million during the quarter, compared to analyst estimates of $79.69 million. Exponent had a net margin of 16.46% and a return on equity of 17.21%. Exponent’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. analysts predict that Exponent, Inc. will post 2.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 30th. Exponent’s payout ratio is 40.98%.
A number of research analysts recently weighed in on EXPO shares. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 target price on shares of Exponent in a report on Thursday, August 31st. Zacks Investment Research lowered shares of Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. SunTrust Banks reissued a “hold” rating and issued a $77.00 target price on shares of Exponent in a report on Thursday, October 19th. Finally, BidaskClub lowered shares of Exponent from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $80.00.
In other Exponent news, CEO Paul R. Johnston sold 4,000 shares of Exponent stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $69.42, for a total transaction of $277,680.00. Following the completion of the transaction, the chief executive officer now directly owns 46,090 shares of the company’s stock, valued at $3,199,567.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul R. Johnston sold 3,696 shares of Exponent stock in a transaction on Monday, September 18th. The stock was sold at an average price of $70.86, for a total transaction of $261,898.56. Following the transaction, the chief executive officer now directly owns 42,394 shares of the company’s stock, valued at $3,004,038.84. The disclosure for this sale can be found here. Insiders have sold 17,748 shares of company stock valued at $1,274,420 over the last ninety days. 2.80% of the stock is owned by insiders.
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Exponent Company Profile
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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