Exponent, Inc. (EXPO) Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 96.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 848,810 shares of the business services provider’s stock after buying an additional 417,399 shares during the period. Riverbridge Partners LLC’s holdings in Exponent were worth $40,998,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its holdings in Exponent by 6.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,290 shares of the business services provider’s stock worth $809,000 after buying an additional 580 shares during the period. Natixis Advisors L.P. raised its holdings in Exponent by 5.8% during the 1st quarter. Natixis Advisors L.P. now owns 11,791 shares of the business services provider’s stock worth $927,000 after buying an additional 644 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Exponent by 4.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,617 shares of the business services provider’s stock worth $1,307,000 after buying an additional 774 shares during the period. Prudential Financial Inc. raised its holdings in Exponent by 1.8% during the 1st quarter. Prudential Financial Inc. now owns 46,374 shares of the business services provider’s stock worth $3,647,000 after buying an additional 800 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in shares of Exponent by 22.5% during the 4th quarter. OppenheimerFunds Inc. now owns 4,428 shares of the business services provider’s stock worth $315,000 after acquiring an additional 813 shares in the last quarter. Hedge funds and other institutional investors own 43.59% of the company’s stock.

In related news, Director Debra Zumwalt sold 500 shares of the firm’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $96.01, for a total value of $48,005.00. Following the completion of the transaction, the director now directly owns 6,940 shares of the company’s stock, valued at $666,309.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Harri Kytomaa sold 2,639 shares of the firm’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $94.04, for a total transaction of $248,171.56. Following the completion of the transaction, the insider now directly owns 8,045 shares of the company’s stock, valued at $756,551.80. The disclosure for this sale can be found here. Insiders sold 40,262 shares of company stock valued at $3,586,801 over the last three months. 2.70% of the stock is owned by company insiders.

Exponent opened at $48.45 on Wednesday, Marketbeat.com reports. Exponent, Inc. has a 1-year low of $28.52 and a 1-year high of $52.63. The firm has a market capitalization of $2.57 billion, a P/E ratio of 46.38 and a beta of 0.67.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 19th. The business services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Exponent had a net margin of 12.52% and a return on equity of 19.47%. The business had revenue of $96.50 million during the quarter, compared to analysts’ expectations of $87.54 million. During the same period last year, the business earned $0.15 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. research analysts anticipate that Exponent, Inc. will post 1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Friday, June 8th were paid a $0.26 dividend. The ex-dividend date was Thursday, June 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.15%. Exponent’s dividend payout ratio is presently 48.60%.

EXPO has been the subject of several research reports. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, April 23rd. SunTrust Banks raised their price target on shares of Exponent to $23.75 and gave the stock a “buy” rating in a research note on Monday, April 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $24.00 price target on shares of Exponent in a research note on Friday, April 20th. ValuEngine raised shares of Exponent from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Finally, BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Exponent currently has a consensus rating of “Buy” and a consensus target price of $23.92.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply