Quantbot Technologies LP Invests $2.05 Million in Exponent, Inc. (NASDAQ:EXPO)

Quantbot Technologies LP purchased a new stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,985 shares of the business services provider's stock, valued at approximately $2,048,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPO. Barclays PLC boosted its stake in shares of Exponent by 219.0% in the 3rd quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock worth $11,127,000 after buying an additional 66,263 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Exponent by 223.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider's stock worth $541,000 after purchasing an additional 4,254 shares during the period. JPMorgan Chase & Co. raised its position in Exponent by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider's stock worth $72,701,000 after acquiring an additional 245,086 shares during the period. Argent Capital Management LLC grew its position in shares of Exponent by 17.3% during the 4th quarter. Argent Capital Management LLC now owns 28,323 shares of the business services provider's stock valued at $2,524,000 after acquiring an additional 4,173 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Exponent by 174.7% during the 3rd quarter. Citigroup Inc. now owns 48,309 shares of the business services provider's stock worth $5,569,000 after purchasing an additional 30,723 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Exponent news, VP Richard Reiss sold 1,736 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now owns 1,800 shares in the company, valued at $154,674. This represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by insiders.

Exponent Trading Up 2.0 %

Shares of NASDAQ:EXPO traded up $1.63 during mid-day trading on Thursday, reaching $82.04. The company had a trading volume of 263,223 shares, compared to its average volume of 216,892. The company's 50-day moving average price is $87.20 and its 200-day moving average price is $96.00. Exponent, Inc. has a one year low of $77.30 and a one year high of $115.75. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 38.70 and a beta of 0.77.

Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $0.41 EPS. On average, research analysts anticipate 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.