Cerity Partners LLC Increases Stock Position in Exponent, Inc. (NASDAQ:EXPO)

Cerity Partners LLC boosted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 20.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,823 shares of the business services provider’s stock after purchasing an additional 3,659 shares during the period. Cerity Partners LLC’s holdings in Exponent were worth $2,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in Exponent in the 2nd quarter worth $25,000. GAMMA Investing LLC lifted 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. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Exponent by 166.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the last quarter. USA Financial Formulas bought a new stake in Exponent in the third quarter worth $60,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after acquiring an additional 361 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exponent

In other news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the sale, the director now directly owns 5,871 shares in the company, valued at approximately $565,494.72. This trade represents a 15.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul R. Johnston sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total value of $1,464,400.00. Following the transaction, the director now directly owns 80,742 shares in the company, valued at approximately $8,445,613.20. The trade was a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,339 shares of company stock valued at $3,103,065 in the last quarter. 2.10% of the stock is owned by insiders.

Exponent Price Performance

NASDAQ:EXPO opened at $98.71 on Monday. The business has a 50 day simple moving average of $105.28 and a 200-day simple moving average of $102.29. Exponent, Inc. has a 1 year low of $68.70 and a 1 year high of $115.75. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 47.69 and a beta of 0.69.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s payout ratio is currently 54.11%.

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.