Exponent, Inc. (NASDAQ:EXPO) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 64.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,663 shares of the business services provider's stock after acquiring an additional 37,716 shares during the period. Teacher Retirement System of Texas owned about 0.19% of Exponent worth $8,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Xponance Inc. raised its position in shares of Exponent by 4.3% in the 4th quarter. Xponance Inc. now owns 7,148 shares of the business services provider's stock valued at $637,000 after purchasing an additional 296 shares in the last quarter. Intech Investment Management LLC boosted its stake in Exponent by 220.9% during the 4th quarter. Intech Investment Management LLC now owns 25,973 shares of the business services provider's stock valued at $2,314,000 after acquiring an additional 17,880 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Exponent in the 4th quarter worth about $421,000. Royce & Associates LP lifted its position in shares of Exponent by 8.1% during the fourth quarter. Royce & Associates LP now owns 202,981 shares of the business services provider's stock worth $18,086,000 after purchasing an additional 15,255 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in Exponent in the fourth quarter worth about $25,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred 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 directly owns 1,800 shares in the company, valued at approximately $154,674. This represents a 49.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

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Exponent Trading Up 2.0 %

NASDAQ EXPO traded up $1.63 on Thursday, hitting $82.04. 263,223 shares of the stock traded hands, compared to its average volume of 216,892. The company has a market capitalization of $4.17 billion, a P/E ratio of 38.70 and a beta of 0.77. The stock has a 50-day moving average of $87.20 and a 200 day moving average of $96.00. Exponent, Inc. has a twelve month low of $77.30 and a twelve month high of $115.75.

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, topping 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 period in the prior year, the firm earned $0.41 earnings per share. As a group, equities research analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current year.

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.