Schwab Charles Investment Management Inc. boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 108.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 340,512 shares of the business services provider’s stock after purchasing an additional 176,894 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Exponent were worth $16,447,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EXPO. Conestoga Capital Advisors LLC increased its stake in Exponent by 111.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,989,839 shares of the business services provider’s stock worth $96,109,000 after buying an additional 1,049,534 shares in the last quarter. Riverbridge Partners LLC increased its stake in Exponent by 96.8% in the 2nd quarter. Riverbridge Partners LLC now owns 848,810 shares of the business services provider’s stock worth $40,998,000 after buying an additional 417,399 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Exponent by 101.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 759,044 shares of the business services provider’s stock worth $36,662,000 after buying an additional 382,415 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Exponent by 100.0% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 541,232 shares of the business services provider’s stock worth $26,142,000 after buying an additional 270,616 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA increased its stake in Exponent by 98.7% in the 2nd quarter. Roffman Miller Associates Inc. PA now owns 318,911 shares of the business services provider’s stock worth $15,403,000 after buying an additional 158,452 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.

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

A number of equities research analysts have issued reports on EXPO shares. ValuEngine upgraded Exponent from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 5th. Zacks Investment Research lowered Exponent from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 20th. SunTrust Banks increased their price target on Exponent to $56.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. BidaskClub lowered Exponent from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. Finally, Berenberg Bank started coverage on Exponent in a research note on Wednesday. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Exponent has a consensus rating of “Buy” and an average target price of $34.67.

EXPO opened at $54.50 on Friday. Exponent, Inc. has a 52 week low of $34.80 and a 52 week high of $54.58. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 46.17 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 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Exponent had a net margin of 13.51% and a return on equity of 20.52%. The business had revenue of $95.60 million during the quarter, compared to the consensus estimate of $89.42 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 8.9% on a year-over-year basis. equities research analysts forecast that Exponent, Inc. will post 1.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, September 6th. Exponent’s dividend payout ratio (DPR) is presently 48.60%.

Exponent Company 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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