Mitchell & Pahl Private Wealth LLC Has $573,000 Position in Exponent, Inc. $EXPO

Mitchell & Pahl Private Wealth LLC raised its position in Exponent, Inc. (NASDAQ:EXPO) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,666 shares of the business services provider’s stock after acquiring an additional 957 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Exponent were worth $573,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new position in shares of Exponent in the second quarter valued at about $9,993,000. Gallacher Capital Management LLC bought a new position in shares of Exponent in the second quarter valued at about $654,000. Strs Ohio bought a new position in shares of Exponent in the first quarter valued at about $316,000. Intech Investment Management LLC increased its position in Exponent by 13.2% during the first quarter. Intech Investment Management LLC now owns 29,412 shares of the business services provider’s stock worth $2,384,000 after acquiring an additional 3,439 shares during the period. Finally, Jane Street Group LLC increased its position in Exponent by 1,481.0% during the first quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider’s stock worth $10,313,000 after acquiring an additional 119,175 shares during the period. 92.37% of the stock is owned by institutional investors.

Exponent Stock Performance

NASDAQ:EXPO opened at $69.34 on Monday. Exponent, Inc. has a 52 week low of $63.81 and a 52 week high of $115.75. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 34.67 and a beta of 0.94. The firm’s 50-day simple moving average is $71.05 and its 200 day simple moving average is $75.66.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The business had revenue of $132.87 million for the quarter, compared to analyst estimates of $130.82 million. During the same period last year, the firm earned $0.57 earnings per share. Exponent’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s dividend payout ratio (DPR) is currently 60.00%.

Insider Transactions at Exponent

In other Exponent news, VP Joseph Sala sold 1,595 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Catherine Corrigan sold 4,905 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $69.91, for a total transaction of $342,908.55. Following the completion of the transaction, the chief executive officer directly owned 82,753 shares in the company, valued at approximately $5,785,262.23. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,396 shares of company stock worth $803,636. 1.60% of the stock is owned by insiders.

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.