AQR Capital Management LLC Trims Stake in Exponent, Inc. (NASDAQ:EXPO)

AQR Capital Management LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,072 shares of the business services provider’s stock after selling 11,064 shares during the period. AQR Capital Management LLC owned 0.11% of Exponent worth $5,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in shares of Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Atala Financial Inc purchased a new position in shares of Exponent in the 4th quarter worth $25,000. Tortoise Investment Management LLC lifted its stake in shares of Exponent by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 191 shares in the last quarter. Trust Co. of Vermont acquired a new position in Exponent during the fourth quarter valued at approximately $45,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Exponent during the 4th quarter worth $50,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exponent

In other Exponent news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. The trade was a 49.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Exponent Price Performance

Shares of Exponent stock opened at $77.20 on Friday. Exponent, Inc. has a 1-year low of $73.37 and a 1-year high of $115.75. The business has a 50-day moving average of $79.87 and a 200-day moving average of $88.82. The company has a market capitalization of $3.92 billion, a PE ratio of 36.42 and a beta of 0.95.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business had revenue of $137.44 million for the quarter, compared to analyst estimates of $134.63 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is presently 58.54%.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.