111 Capital Sells 867 Shares of Exponent, Inc. $EXPO

111 Capital lessened its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 17.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,127 shares of the business services provider’s stock after selling 867 shares during the period. 111 Capital’s holdings in Exponent were worth $308,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Exponent by 10,200.0% during the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock worth $25,000 after purchasing an additional 306 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock worth $51,000 after purchasing an additional 567 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Exponent by 103.3% during the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock worth $55,000 after purchasing an additional 346 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Exponent during the first quarter worth $80,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Exponent by 8,092.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider’s stock worth $93,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Activity

In other Exponent news, CEO Catherine Corrigan sold 4,905 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $69.91, for a total value of $342,908.55. Following the transaction, the chief executive officer owned 82,753 shares of the company’s stock, valued at approximately $5,785,262.23. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Joseph Sala sold 1,595 shares of the 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. Insiders sold 11,396 shares of company stock worth $803,636 in the last three months. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Exponent in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Exponent Stock Up 0.3%

Shares of EXPO opened at $67.27 on Tuesday. Exponent, Inc. has a 12-month low of $63.81 and a 12-month high of $115.75. The firm has a market capitalization of $3.40 billion, a PE ratio of 33.64 and a beta of 0.91. The stock’s fifty day simple moving average is $70.22 and its 200-day simple moving average is $74.61.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, July 31st. 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 24.19% and a net margin of 18.35%.The business 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 firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.30 dividend. 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 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.