Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,048 shares of the business services provider's stock after selling 9,042 shares during the quarter. Prudential Financial Inc.'s holdings in Exponent were worth $450,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Exponent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock worth $476,284,000 after purchasing an additional 67,296 shares in the last quarter. State Street Corp raised its holdings 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 buying an additional 13,644 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Exponent by 4.8% during 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 buying an additional 69,099 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Exponent by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider's stock valued at $72,701,000 after buying an additional 245,086 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Exponent in the 4th quarter valued at $55,131,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insiders Place Their Bets

In other 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 position. The transaction 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 insiders.

Exponent Stock Performance

EXPO stock traded down $0.64 during midday trading on Tuesday, reaching $80.34. The stock had a trading volume of 43,581 shares, compared to its average volume of 241,991. The firm has a fifty day simple moving average of $83.30 and a two-hundred day simple moving average of $92.89. Exponent, Inc. has a 52-week low of $73.83 and a 52-week high of $115.75. The stock has a market cap of $4.08 billion, a PE ratio of 37.90 and a beta of 0.84.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

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.