Bank of New York Mellon Corp boosted its stake in Exponent, Inc. (NASDAQ:EXPO) by 101.5% in the second quarter, HoldingsChannel.com reports. The firm owned 759,044 shares of the business services provider’s stock after buying an additional 382,415 shares during the period. Bank of New York Mellon Corp’s holdings in Exponent were worth $36,662,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. We Are One Seven LLC grew its holdings in Exponent by 259.4% in the first quarter. We Are One Seven LLC now owns 1,434 shares of the business services provider’s stock worth $113,000 after purchasing an additional 1,035 shares during the period. SG Americas Securities LLC acquired a new stake in Exponent in the first quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Exponent by 100.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,476 shares during the period. KBC Group NV acquired a new stake in Exponent in the second quarter worth $150,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Exponent by 2,500.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,250 shares of the business services provider’s stock worth $157,000 after purchasing an additional 3,125 shares during the period. Institutional investors and hedge funds own 89.72% of the company’s stock.

In other Exponent news, insider Richard Reiss sold 2,236 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $49.43, for a total value of $110,525.48. Following the transaction, the insider now directly owns 4,054 shares of the company’s stock, valued at $200,389.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

A number of research firms have commented on EXPO. BidaskClub upgraded shares of Exponent from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. SunTrust Banks raised their price target on shares of Exponent to $56.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, ValuEngine cut shares of Exponent from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.67.

Exponent stock opened at $52.90 on Friday. Exponent, Inc. has a 1-year low of $34.38 and a 1-year high of $53.75. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 49.67 and a beta of 0.60.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Exponent had a net margin of 13.51% and a return on equity of 20.52%. The firm had revenue of $95.60 million for the quarter, compared to analyst estimates of $89.42 million. During the same period last year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities research analysts anticipate that Exponent, Inc. will post 1.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, September 6th. Exponent’s dividend payout ratio (DPR) is 48.60%.

Exponent Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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