EFG Asset Management Americas Corp. Sells 465 Shares of Exponent, Inc. (NASDAQ:EXPO)

EFG Asset Management Americas Corp. decreased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,813 shares of the business services provider’s stock after selling 465 shares during the period. EFG Asset Management Americas Corp.’s holdings in Exponent were worth $4,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXPO. Edgestream Partners L.P. purchased a new position in shares of Exponent in the 4th quarter worth about $1,455,000. Raymond James Financial Inc. purchased a new position in shares of Exponent in the 4th quarter worth about $55,131,000. Arizona State Retirement System boosted 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 purchasing an additional 133 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exponent by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 525,378 shares of the business services provider’s stock worth $46,811,000 after purchasing an additional 7,766 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Exponent by 129.8% in the 4th 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 in the last quarter. Institutional investors own 92.37% of the company’s stock.

Exponent Trading Down 1.0 %

EXPO opened at $82.89 on Friday. The stock has a 50-day moving average price of $89.37 and a 200-day moving average price of $98.49. Exponent, Inc. has a 12-month low of $77.21 and a 12-month high of $115.75. The stock has a market capitalization of $4.21 billion, a P/E ratio of 39.10 and a beta of 0.71.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $0.41 earnings per share. On average, equities research analysts predict that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.30 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. Exponent’s dividend payout ratio is presently 56.60%.

Insider Buying and Selling at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This represents a 49.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Exponent Company 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.