Bronfman E.L. Rothschild L.P. Acquires 790 Shares of Exponent, Inc. (EXPO)

Bronfman E.L. Rothschild L.P. boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 580.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 926 shares of the business services provider’s stock after buying an additional 790 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Exponent were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its position in Exponent by 0.3% in the fourth quarter. BlackRock Inc. now owns 7,502,036 shares of the business services provider’s stock worth $380,427,000 after buying an additional 20,319 shares during the last quarter. Vanguard Group Inc grew its position in Exponent by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 5,147,145 shares of the business services provider’s stock worth $275,887,000 after purchasing an additional 139,183 shares in the last quarter. Vanguard Group Inc. grew its position in Exponent by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,147,145 shares of the business services provider’s stock worth $275,887,000 after purchasing an additional 139,183 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Exponent by 2.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,310,721 shares of the business services provider’s stock worth $117,177,000 after purchasing an additional 57,955 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Exponent by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 779,747 shares of the business services provider’s stock worth $41,794,000 after purchasing an additional 20,703 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Several equities analysts have weighed in on EXPO shares. BidaskClub cut shares of Exponent from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 30th. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Zacks Investment Research cut shares of Exponent from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 price objective on shares of Exponent in a research report on Tuesday, January 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Exponent has a consensus rating of “Buy” and a consensus price target of $56.00.

In other Exponent news, insider Harri Kytomaa sold 2,366 shares of Exponent stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $56.27, for a total transaction of $133,134.82. Following the completion of the sale, the insider now owns 3,816 shares of the company’s stock, valued at approximately $214,726.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

NASDAQ EXPO opened at $57.22 on Tuesday. Exponent, Inc. has a twelve month low of $38.17 and a twelve month high of $58.29. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 44.94 and a beta of 0.47.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, January 31st. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Exponent had a net margin of 19.04% and a return on equity of 21.53%. The firm had revenue of $85.27 million for the quarter, compared to analysts’ expectations of $88.21 million. As a group, equities analysts anticipate that Exponent, Inc. will post 1.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.12%. This is a boost from Exponent’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 7th. Exponent’s payout ratio is presently 51.20%.

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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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