Teachers Retirement System of The State of Kentucky Sells 644 Shares of Exponent, Inc. (NASDAQ:EXPO)

Teachers Retirement System of The State of Kentucky lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,720 shares of the business services provider’s stock after selling 644 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Exponent were worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EXPO. Norges Bank bought a new position in Exponent in the 4th quarter worth about $45,786,000. Invesco Ltd. boosted its stake in Exponent by 89.4% in the 3rd quarter. Invesco Ltd. now owns 594,343 shares of the business services provider’s stock worth $50,876,000 after purchasing an additional 280,600 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Exponent by 1,383.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 261,007 shares of the business services provider’s stock valued at $22,979,000 after acquiring an additional 243,412 shares during the last quarter. Geneva Capital Management LLC boosted its position in shares of Exponent by 10.4% during the 4th quarter. Geneva Capital Management LLC now owns 1,558,189 shares of the business services provider’s stock valued at $137,183,000 after acquiring an additional 146,778 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Exponent by 11.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 693,259 shares of the business services provider’s stock valued at $59,343,000 after acquiring an additional 71,074 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Exponent Trading Up 0.7 %

Shares of EXPO opened at $95.40 on Friday. The stock has a 50-day moving average price of $91.97 and a 200-day moving average price of $86.21. The company has a market cap of $4.84 billion, a PE ratio of 48.18 and a beta of 0.65. Exponent, Inc. has a 12-month low of $64.61 and a 12-month high of $102.72.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $137.21 million during the quarter, compared to the consensus estimate of $125.98 million. Exponent had a return on equity of 28.13% and a net margin of 18.72%. Exponent’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.28 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. Exponent’s payout ratio is 56.57%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXPO. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Truist Financial lifted their price target on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, April 29th.

Insider Buying and Selling

In related news, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $95.50, for a total value of $668,500.00. Following the completion of the sale, the director now owns 80,742 shares in the company, valued at approximately $7,710,861. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Exponent news, VP Bradley A. James sold 3,528 shares of Exponent stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $95.00, for a total value of $335,160.00. Following the transaction, the vice president now directly owns 2,030 shares of the company’s stock, valued at approximately $192,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $95.50, for a total value of $668,500.00. Following the completion of the transaction, the director now directly owns 80,742 shares in the company, valued at $7,710,861. The disclosure for this sale can be found here. Insiders sold 50,067 shares of company stock worth $4,734,995 in the last quarter. 2.10% of the stock is owned by insiders.

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.