Conestoga Capital Advisors LLC Has $225.03 Million Position in Exponent, Inc. (NASDAQ:EXPO)

Conestoga Capital Advisors LLC reduced its holdings in Exponent, Inc. (NASDAQ:EXPO) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,776,034 shares of the business services provider’s stock after selling 26,595 shares during the quarter. Exponent accounts for 3.4% of Conestoga Capital Advisors LLC’s holdings, making the stock its 7th biggest position. Conestoga Capital Advisors LLC owned about 5.46% of Exponent worth $225,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPO. Venturi Wealth Management LLC grew its position in Exponent by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock worth $226,000 after buying an additional 111 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Exponent by 1.5% during the 4th quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider’s stock worth $779,000 after acquiring an additional 131 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Exponent by 0.9% in the 4th quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 133 shares during the last quarter. Private Trust Co. NA raised its position in shares of Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Exponent by 3.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,418 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 161 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Stock Up 0.9%

NASDAQ:EXPO opened at $75.81 on Tuesday. The stock has a fifty day simple moving average of $77.93 and a 200 day simple moving average of $84.47. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 35.76 and a beta of 0.92. Exponent, Inc. has a 1-year low of $73.37 and a 1-year high of $115.75.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a net margin of 19.52% and a return on equity of 27.27%. The company had revenue of $137.44 million during the quarter, compared to analysts’ expectations of $134.63 million. During the same period last year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is currently 58.54%.

Insider Buying and Selling at Exponent

In other news, VP Bradley A. James sold 2,694 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total value of $214,226.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John Pye sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the sale, the vice president now owns 29,204 shares of the company’s stock, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,267 shares of company stock valued at $489,120 in the last three months. 1.60% of the stock is currently 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.