Exponent, Inc. (NASDAQ:EXPO) Position Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,542 shares of the business services provider's stock after selling 9,078 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Exponent worth $2,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Exponent by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider's stock worth $226,000 after purchasing an additional 111 shares during the last quarter. Heritage Family Offices LLP increased its holdings 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 valued at $278,000 after buying an additional 114 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Exponent by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider's stock valued at $675,000 after acquiring an additional 180 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Exponent by 14.9% during the 4th quarter. Mather Group LLC. now owns 1,512 shares of the business services provider's stock worth $135,000 after acquiring an additional 196 shares in the last quarter. Finally, Westside Investment Management Inc. acquired a new position in shares of Exponent in the 3rd quarter worth $26,000. 92.37% of the stock is currently owned by institutional investors.

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Exponent Stock Down 1.4 %

Shares of NASDAQ EXPO traded down $1.18 during mid-day trading on Thursday, hitting $82.56. 190,920 shares of the company traded hands, compared to its average volume of 246,465. Exponent, Inc. has a 1 year low of $77.21 and a 1 year high of $115.75. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 38.88 and a beta of 0.71. The business has a 50 day moving average of $89.51 and a two-hundred day moving average of $98.59.

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

Exponent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, March 7th. This is a boost from Exponent's previous quarterly dividend of $0.28. Exponent's dividend payout ratio (DPR) is 56.60%.

Insiders Place Their Bets

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company's stock.

Exponent Company 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.