Exponent, Inc. (NASDAQ:EXPO) Shares Acquired by Quest Partners LLC

Quest Partners LLC boosted its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 725.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,396 shares of the business services provider's stock after acquiring an additional 13,531 shares during the period. Quest Partners LLC's holdings in Exponent were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPO. Russell Investments Group Ltd. raised its holdings in shares of Exponent by 5.2% in the first quarter. Russell Investments Group Ltd. now owns 16,038 shares of the business services provider's stock worth $1,326,000 after buying an additional 786 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Exponent by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,469 shares of the business services provider's stock worth $1,362,000 after buying an additional 1,960 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider's stock worth $437,153,000 after acquiring an additional 291,047 shares during the period. Seven Eight Capital LP acquired a new stake in Exponent during the first quarter valued at $279,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Exponent by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 38,341 shares of the business services provider's stock worth $3,165,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the company's stock in a transaction on 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 transaction, the director now owns 5,871 shares in the company, valued at approximately $565,494.72. This represents a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total transaction of $726,810.00. Following the transaction, the director now owns 80,742 shares of the company's stock, valued at approximately $8,383,441.86. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,039 shares of company stock worth $2,979,526. 2.10% of the stock is currently owned by insiders.

Exponent Price Performance

Shares of EXPO stock traded down $1.14 during trading on Tuesday, reaching $94.87. The company's stock had a trading volume of 216,059 shares, compared to its average volume of 245,247. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 45.53 and a beta of 0.69. The stock's 50-day moving average price is $107.07 and its 200 day moving average price is $102.14. Exponent, Inc. has a 1-year low of $68.70 and a 1-year high of $115.75.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, December 6th. Exponent's dividend payout ratio (DPR) is presently 54.11%.

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.