Copeland Capital Management LLC Reduces Stake in Exponent, Inc. (EXPO)

Copeland Capital Management LLC trimmed its position in Exponent, Inc. (NASDAQ:EXPO) by 15.5% in the third quarter, Holdings Channel reports. The fund owned 382,501 shares of the business services provider’s stock after selling 69,900 shares during the quarter. Exponent accounts for 1.2% of Copeland Capital Management LLC’s portfolio, making the stock its 17th largest holding. Copeland Capital Management LLC’s holdings in Exponent were worth $20,502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd raised its position in Exponent by 1,245.0% during the 2nd quarter. WINTON GROUP Ltd now owns 244,786 shares of the business services provider’s stock worth $11,823,000 after purchasing an additional 226,586 shares during the last quarter. KBC Group NV bought a new position in Exponent during the 2nd quarter worth $150,000. Dimensional Fund Advisors LP raised its position in Exponent by 88.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock worth $83,890,000 after purchasing an additional 814,572 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Exponent by 91.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,022,703 shares of the business services provider’s stock worth $49,397,000 after purchasing an additional 488,689 shares during the last quarter. Finally, Fort L.P. bought a new position in Exponent during the 2nd quarter worth $117,000. Institutional investors own 88.69% of the company’s stock.

Shares of Exponent stock opened at $50.69 on Friday. Exponent, Inc. has a 1-year low of $34.90 and a 1-year high of $54.58. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 42.24 and a beta of 0.61.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, October 18th. The business services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. Exponent had a return on equity of 20.92% and a net margin of 13.98%. The firm had revenue of $88.71 million during the quarter, compared to the consensus estimate of $88.52 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Exponent, Inc. will post 1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. Exponent’s payout ratio is currently 48.60%.

In other Exponent news, insider Harri Kytomaa sold 7,000 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $49.00, for a total transaction of $343,000.00. Following the completion of the sale, the insider now directly owns 13,090 shares in the company, valued at approximately $641,410. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Several brokerages recently issued reports on EXPO. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Monday, October 22nd. BidaskClub lowered Exponent from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Berenberg Bank began coverage on Exponent in a research report on Wednesday, September 12th. They set a “buy” rating for the company. Finally, SunTrust Banks raised their target price on Exponent to $56.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Exponent presently has an average rating of “Buy” and a consensus price target of $45.00.

About Exponent

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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