Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its holdings in Exponent, Inc. (NASDAQ:EXPO) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,592 shares of the business services provider’s stock after selling 544 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Exponent were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its stake in shares of Exponent by 0.7% in the third quarter. State Street Corp now owns 1,840,313 shares of the business services provider’s stock worth $212,151,000 after acquiring an additional 13,644 shares during the period. Geneva Capital Management LLC increased its stake in shares of Exponent by 1.7% in the third quarter. Geneva Capital Management LLC now owns 1,590,804 shares of the business services provider’s stock worth $183,388,000 after acquiring an additional 27,339 shares during the period. Geode Capital Management LLC increased its stake in shares of Exponent by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after acquiring an additional 69,099 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Exponent by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock worth $72,701,000 after acquiring an additional 245,086 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Exponent by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 517,612 shares of the business services provider’s stock worth $59,670,000 after acquiring an additional 7,163 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Stock Performance

EXPO stock opened at $84.66 on Friday. The firm has a market cap of $4.30 billion, a PE ratio of 39.93 and a beta of 0.71. The firm’s fifty day moving average is $89.78 and its 200 day moving average is $98.93. Exponent, Inc. has a one year low of $77.21 and a one year high of $115.75.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same quarter last year, the firm earned $0.41 EPS. Research analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.28. Exponent’s dividend payout ratio (DPR) is currently 56.60%.

Insider Activity at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $154,674. This trade represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.