Edgestream Partners L.P. Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

Edgestream Partners L.P. acquired a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,326 shares of the business services provider's stock, valued at approximately $1,455,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock valued at $11,127,000 after acquiring an additional 66,263 shares in the last quarter. Geneva Capital Management LLC lifted its stake in shares of Exponent by 1.7% during the third quarter. Geneva Capital Management LLC now owns 1,590,804 shares of the business services provider's stock valued at $183,388,000 after buying an additional 27,339 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Exponent by 223.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider's stock valued at $541,000 after purchasing an additional 4,254 shares during the period. JPMorgan Chase & Co. boosted its position 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 last quarter. Finally, Argent Capital Management LLC grew its position in Exponent by 17.3% during the fourth quarter. Argent Capital Management LLC now owns 28,323 shares of the business services provider's stock valued at $2,524,000 after acquiring an additional 4,173 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

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Exponent Trading Up 1.1 %

NASDAQ:EXPO traded up $0.90 during mid-day trading on Friday, hitting $82.73. The company had a trading volume of 257,578 shares, compared to its average volume of 268,408. The business has a fifty day simple moving average of $88.79 and a 200-day simple moving average of $97.75. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 39.02 and a beta of 0.77. Exponent, Inc. has a 1 year low of $77.27 and a 1 year high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates 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 business posted $0.41 earnings per share. As a group, research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.30 per share. 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 1.45%. Exponent's payout ratio is currently 56.60%.

Insider Buying and Selling at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the sale, the vice president now directly owns 1,800 shares of the company's stock, valued at $154,674. This represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

About Exponent

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.