Asset Management One Co. Ltd. Lowers Stake in Exponent, Inc. (NASDAQ:EXPO)

Asset Management One Co. Ltd. reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,385 shares of the business services provider's stock after selling 11,887 shares during the period. Asset Management One Co. Ltd. owned about 0.12% of Exponent worth $5,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Heritage Family Offices LLP grew its position in shares of Exponent by 3.8% during the 4th quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider's stock valued at $278,000 after acquiring an additional 114 shares during the period. Pacer Advisors Inc. grew its position in shares of Exponent by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider's stock valued at $675,000 after acquiring an additional 180 shares during the period. Mather Group LLC. grew its position in shares of Exponent by 14.9% during the 4th quarter. Mather Group LLC. now owns 1,512 shares of the business services provider's stock valued at $135,000 after acquiring an additional 196 shares during the period. Westside Investment Management Inc. bought a new position in shares of Exponent during the 3rd quarter valued at approximately $26,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Exponent by 2.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,134 shares of the business services provider's stock valued at $1,284,000 after acquiring an additional 239 shares during the period. 92.37% of the stock is owned by institutional investors.

Exponent Stock Down 1.1 %

EXPO traded down $0.98 on Friday, hitting $84.52. The company's stock had a trading volume of 321,133 shares, compared to its average volume of 235,787. The company's 50 day simple moving average is $90.43 and its 200-day simple moving average is $99.56. The firm has a market cap of $4.29 billion, a P/E ratio of 39.87 and a beta of 0.71. Exponent, Inc. has a 12 month low of $75.81 and a 12 month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping 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 period in the prior year, the firm posted $0.41 earnings per share. Equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Exponent's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 1.42%. Exponent's dividend payout ratio (DPR) is 52.83%.

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.