Sherbrooke Park Advisers LLC Acquires New Stake in Exponent, Inc. (NASDAQ:EXPO)

Sherbrooke Park Advisers LLC acquired a new stake in Exponent, Inc. (NASDAQ:EXPO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,869 shares of the business services provider’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPO. Barclays PLC raised its holdings in shares of Exponent by 219.0% in the 3rd quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock valued at $11,127,000 after buying an additional 66,263 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Exponent in the 4th quarter valued at $234,000. Trust Co. of Vermont purchased a new stake in shares of Exponent in the 4th quarter valued at $45,000. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of Exponent by 9.8% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 6,545 shares of the business services provider’s stock valued at $583,000 after buying an additional 584 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Exponent by 25.4% in the 4th quarter. Inspire Investing LLC now owns 4,495 shares of the business services provider’s stock valued at $401,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

Shares of NASDAQ EXPO opened at $79.96 on Tuesday. The stock’s 50-day moving average is $79.22 and its two-hundred day moving average is $87.63. Exponent, Inc. has a 1-year low of $73.37 and a 1-year high of $115.75. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 37.72 and a beta of 0.95.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter in the prior year, the business earned $0.59 EPS. Exponent’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.50%. Exponent’s dividend payout ratio (DPR) is 58.54%.

Insiders Place Their Bets

In other Exponent news, VP Richard Reiss sold 1,736 shares of the company’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 $154,674. This represents a 49.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.

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.