Geneva Capital Management LLC Reduces Position in Exponent, Inc. (NASDAQ:EXPO)

Geneva Capital Management LLC decreased its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,569,676 shares of the business services provider's stock after selling 21,128 shares during the quarter. Exponent accounts for approximately 2.4% of Geneva Capital Management LLC's holdings, making the stock its 10th largest holding. Geneva Capital Management LLC owned 3.09% of Exponent worth $139,858,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXPO. Venturi Wealth Management LLC lifted its stake in Exponent by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider's stock valued at $226,000 after acquiring an additional 111 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Exponent by 3.8% in the fourth quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider's stock worth $278,000 after purchasing an additional 114 shares in the last quarter. Arizona State Retirement System boosted its holdings in Exponent by 0.9% during the fourth 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 during the last quarter. Private Trust Co. NA grew its position in Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider's stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Exponent by 2.4% in the fourth quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider's stock valued at $675,000 after purchasing an additional 180 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

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Insider Activity at Exponent

In other Exponent 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 transaction of $149,174.48. Following the sale, the vice president now directly owns 1,800 shares of the company's stock, valued at approximately $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 available through this hyperlink. 2.10% of the stock is owned by company insiders.

Exponent Price Performance

NASDAQ:EXPO traded down $1.44 on Monday, hitting $84.10. 555,065 shares of the company's stock were exchanged, compared to its average volume of 268,517. The firm has a 50-day moving average price of $89.14 and a 200-day moving average price of $98.16. Exponent, Inc. has a 52 week low of $77.21 and a 52 week high of $115.75. The company has a market cap of $4.27 billion, a P/E ratio of 39.67 and a beta of 0.77.

Exponent (NASDAQ:EXPO - Get Free Report) last released its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.41 EPS. On average, research analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Exponent's previous quarterly dividend of $0.28. Exponent's dividend payout ratio is presently 56.60%.

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.