Laurus Global Equity Management Inc. Has $523,000 Holdings in Exponent, Inc. $EXPO

Laurus Global Equity Management Inc. cut its stake in Exponent, Inc. (NASDAQ:EXPO) by 43.3% in the second quarter, Holdings Channel.com reports. The firm owned 7,005 shares of the business services provider’s stock after selling 5,350 shares during the period. Laurus Global Equity Management Inc.’s holdings in Exponent were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in shares of Exponent by 543.1% during the 1st quarter. Millennium Management LLC now owns 305,230 shares of the business services provider’s stock worth $24,742,000 after acquiring an additional 257,766 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Exponent in the 1st quarter worth approximately $15,349,000. Geneva Capital Management LLC lifted its position in shares of Exponent by 11.2% during the 1st quarter. Geneva Capital Management LLC now owns 1,745,828 shares of the business services provider’s stock worth $141,517,000 after buying an additional 176,152 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Exponent in the first quarter valued at about $12,686,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Exponent in the 2nd quarter worth approximately $9,993,000. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Exponent presently has an average rating of “Hold”.

Insider Buying and Selling

In other Exponent news, CEO Catherine Corrigan sold 4,905 shares of Exponent stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $69.91, for a total transaction of $342,908.55. Following the transaction, the chief executive officer directly owned 82,753 shares in the company, valued at approximately $5,785,262.23. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joseph Sala sold 1,595 shares of Exponent 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,396 shares of company stock valued at $803,636. Corporate insiders own 1.60% of the company’s stock.

Exponent Stock Down 1.4%

NASDAQ:EXPO opened at $67.10 on Monday. Exponent, Inc. has a 12-month low of $63.81 and a 12-month high of $115.75. The stock’s fifty day simple moving average is $70.30 and its 200-day simple moving average is $74.70. The firm has a market capitalization of $3.39 billion, a P/E ratio of 33.55 and a beta of 0.91.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The firm had revenue of $132.87 million for the quarter, compared to analyst estimates of $130.82 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 1.8%. Exponent’s dividend payout ratio (DPR) is presently 60.00%.

Exponent Profile

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.