State Street Corp Increases Stake in Exponent, Inc. (NASDAQ:EXPO)

State Street Corp raised its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,840,313 shares of the business services provider's stock after purchasing an additional 13,644 shares during the period. State Street Corp owned 3.63% of Exponent worth $212,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EXPO. Stifel Financial Corp lifted its position in shares of Exponent by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 124,442 shares of the business services provider's stock worth $14,346,000 after purchasing an additional 836 shares during the period. Quantinno Capital Management LP bought a new position in Exponent in the third quarter worth about $214,000. Quarry LP raised its stake in Exponent by 127.9% in the third quarter. Quarry LP now owns 604 shares of the business services provider's stock worth $70,000 after buying an additional 339 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Exponent in the third quarter worth about $709,000. Finally, Walleye Capital LLC bought a new stake in Exponent during the 3rd quarter valued at approximately $288,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other news, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total value of $726,810.00. Following the sale, the director now directly owns 80,742 shares of the company's stock, valued at approximately $8,383,441.86. This represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the sale, the director now directly owns 5,871 shares in the company, valued at $565,494.72. This trade represents a 15.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,339 shares of company stock worth $3,103,065 in the last three months. 2.10% of the stock is owned by corporate insiders.

Exponent Trading Down 1.7 %

Shares of EXPO stock traded down $1.58 during midday trading on Friday, reaching $93.16. 276,132 shares of the stock were exchanged, compared to its average volume of 241,967. Exponent, Inc. has a 1 year low of $68.70 and a 1 year high of $115.75. The firm has a market cap of $4.73 billion, a PE ratio of 45.01 and a beta of 0.70. The company's 50 day moving average is $101.86 and its two-hundred day moving average is $102.26.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, December 6th. Exponent's dividend payout ratio is presently 54.11%.

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.