Pinebridge Investments L.P. Boosts Stake in Exponent, Inc. (NASDAQ:EXPO)

Pinebridge Investments L.P. raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,825 shares of the business services provider’s stock after acquiring an additional 4,437 shares during the quarter. Pinebridge Investments L.P.’s holdings in Exponent were worth $1,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPO. Dark Forest Capital Management LP purchased a new position in Exponent in the fourth quarter valued at about $784,000. Hsbc Holdings PLC grew its position in shares of Exponent by 47.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,502 shares of the business services provider’s stock worth $2,270,000 after buying an additional 8,167 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Exponent by 197.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,521 shares of the business services provider’s stock worth $314,000 after acquiring an additional 2,336 shares in the last quarter. MetLife Investment Management LLC lifted its position in Exponent by 8.3% during the fourth quarter. MetLife Investment Management LLC now owns 58,331 shares of the business services provider’s stock valued at $5,197,000 after acquiring an additional 4,461 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Exponent by 74.1% in the fourth quarter. First Trust Advisors LP now owns 52,439 shares of the business services provider’s stock valued at $4,672,000 after acquiring an additional 22,323 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Exponent news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at approximately $154,674. The trade was a 49.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Exponent Trading Up 0.2 %

Shares of EXPO stock opened at $79.15 on Monday. Exponent, Inc. has a 12-month low of $73.83 and a 12-month high of $115.75. The business’s fifty day simple moving average is $81.36 and its 200-day simple moving average is $90.74. The company has a market cap of $4.02 billion, a PE ratio of 37.34 and a beta of 0.84.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

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.