Public Employees Retirement Association of Colorado Cuts Position in Exponent, Inc. (NASDAQ:EXPO)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,199 shares of the business services provider’s stock after selling 424 shares during the period. Public Employees Retirement Association of Colorado owned 0.51% of Exponent worth $24,655,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EXPO. GAMMA Investing LLC boosted its stake in Exponent by 67.7% in the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Exponent by 866.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock worth $42,000 after buying an additional 459 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after buying an additional 323 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Exponent by 293.7% during the first quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock valued at $52,000 after buying an additional 467 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Exponent during the fourth quarter valued at approximately $69,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John Pye sold 3,956 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total transaction of $415,380.00. Following the transaction, the vice president now directly owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $110.77 on Friday. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $113.00. The company has a market cap of $5.62 billion, a P/E ratio of 55.94 and a beta of 0.66. The stock’s fifty day moving average price is $105.14 and its 200-day moving average price is $94.36.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $132.43 million for the quarter, compared to analysts’ expectations of $130.83 million. Exponent had a net margin of 19.35% and a return on equity of 28.39%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. On average, sell-side analysts anticipate that Exponent, Inc. will post 2.04 earnings per share for the current year.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 6th. Exponent’s dividend payout ratio is currently 56.57%.

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.