PineStone Asset Management Inc. Purchases 10,811 Shares of Exponent, Inc. (NASDAQ:EXPO)

PineStone Asset Management Inc. lifted its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,311 shares of the business services provider's stock after purchasing an additional 10,811 shares during the quarter. PineStone Asset Management Inc. owned 0.19% of Exponent worth $8,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in Exponent during the third quarter worth $26,000. Trust Co. of Vermont bought a new position in Exponent in the 4th quarter valued at $45,000. Anchor Investment Management LLC bought a new position in shares of Exponent during the 3rd quarter worth $64,000. Quarry LP grew its stake in shares of Exponent by 127.9% during the 3rd quarter. Quarry LP now owns 604 shares of the business services provider's stock worth $70,000 after acquiring an additional 339 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Exponent by 74.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 903 shares of the business services provider's stock worth $104,000 after acquiring an additional 386 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Stock Up 0.1 %

EXPO traded up $0.06 during trading on Wednesday, reaching $87.72. 180,136 shares of the company were exchanged, compared to its average volume of 228,660. The company's 50-day moving average is $90.79 and its two-hundred day moving average is $99.80. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 41.38 and a beta of 0.71. Exponent, Inc. has a 12-month low of $75.81 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating 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 company posted $0.41 EPS. Equities analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Increases Dividend

The firm also recently disclosed 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 is a positive change from Exponent's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, March 7th. Exponent's dividend payout ratio (DPR) is currently 52.83%.

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.