Riverbridge Partners LLC Decreases Position in Exponent, Inc. (NASDAQ:EXPO)

Riverbridge Partners LLC cut its position in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,060,467 shares of the business services provider’s stock after selling 34,039 shares during the period. Exponent makes up about 1.6% of Riverbridge Partners LLC’s investment portfolio, making the stock its 21st largest holding. Riverbridge Partners LLC owned about 2.09% of Exponent worth $105,082,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its holdings in Exponent by 152.6% in the third quarter. IFP Advisors Inc now owns 245 shares of the business services provider’s stock worth $28,000 after buying an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Exponent during the second quarter valued at approximately $40,000. SRS Capital Advisors Inc. raised its holdings in shares of Exponent by 66.9% during the second quarter. SRS Capital Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 230 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Exponent during the third quarter valued at approximately $56,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Exponent during the first quarter valued at approximately $74,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exponent

In related news, VP Harri Kytomaa sold 350 shares of Exponent stock in a transaction on Friday, February 17th. The stock was sold at an average price of $108.00, for a total transaction of $37,800.00. Following the transaction, the vice president now directly owns 12,414 shares in the company, valued at $1,340,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Harri Kytomaa sold 350 shares of Exponent stock in a transaction on Friday, February 17th. The stock was sold at an average price of $108.00, for a total transaction of $37,800.00. Following the transaction, the vice president now directly owns 12,414 shares in the company, valued at $1,340,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carol Lindstrom sold 1,875 shares of Exponent stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $106.59, for a total value of $199,856.25. Following the transaction, the director now owns 4,847 shares in the company, valued at $516,641.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,275 shares of company stock worth $455,120. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Exponent in a report on Thursday. They set a “hold” rating for the company.

Exponent Stock Down 2.5 %

EXPO opened at $96.04 on Friday. Exponent, Inc. has a twelve month low of $80.97 and a twelve month high of $112.75. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 49.00 and a beta of 0.65. The firm has a 50 day moving average price of $103.30 and a 200-day moving average price of $98.43.

Exponent (NASDAQ:EXPO – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Exponent had a return on equity of 30.00% and a net margin of 19.94%. The firm had revenue of $112.59 million during the quarter, compared to analyst estimates of $111.47 million. During the same period in the prior year, the business posted $0.38 EPS. Exponent’s revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Exponent, Inc. will post 2.08 earnings per share for the current year.

Exponent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, March 9th. This is an increase from Exponent’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.08%. Exponent’s payout ratio is 53.06%.

Exponent Company Profile

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Exponent, Inc is an engineering and scientific consulting company, which engages in the provision of engineering, scientific, environmental, and health consulting services. It operates through the Engineering and Other Scientific, and Environmental and Health segments. The Engineering and Other Scientific segment includes technical consulting in different practices primarily in engineering.