Ontario Teachers Pension Plan Board Reduces Holdings in Exponent, Inc. (NASDAQ:EXPO)

Ontario Teachers Pension Plan Board cut its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 62.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,321 shares of the business services provider's stock after selling 28,677 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Exponent were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Exponent during the second quarter worth about $25,000. GAMMA Investing LLC raised its holdings in shares of Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider's stock worth $36,000 after purchasing an additional 153 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Exponent by 166.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider's stock valued at $49,000 after purchasing an additional 323 shares during the period. USA Financial Formulas purchased a new stake in Exponent in the third quarter valued at $60,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Exponent by 70.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider's stock worth $83,000 after purchasing an additional 361 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul R. Johnston sold 14,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the transaction, the director now directly owns 80,742 shares in the company, valued at approximately $8,445,613.20. The trade was a 14.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the director now owns 5,871 shares of the company's stock, valued at approximately $565,494.72. The trade was a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,039 shares of company stock worth $2,979,526. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a "buy" rating and issued a $120.00 target price (up previously from $100.00) on shares of Exponent in a research note on Friday, July 26th.

Exponent Stock Up 0.2 %

Shares of NASDAQ:EXPO traded up $0.18 during trading on Wednesday, hitting $95.05. 151,948 shares of the stock traded hands, compared to its average volume of 244,832. The company has a fifty day moving average price of $106.88 and a two-hundred day moving average price of $102.14. Exponent, Inc. has a 52-week low of $68.70 and a 52-week high of $115.75. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 45.83 and a beta of 0.69.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. Exponent's payout ratio is 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.