Compass Ion Advisors LLC Makes New $219,000 Investment in Exponent, Inc. (NASDAQ:EXPO)

Compass Ion Advisors LLC bought a new position in Exponent, Inc. (NASDAQ:EXPO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,903 shares of the business services provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of EXPO. Vanguard Group Inc. lifted its position in shares of Exponent by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after buying an additional 291,047 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Exponent by 6.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in Exponent by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 2,763,260 shares of the business services provider’s stock worth $262,841,000 after purchasing an additional 75,909 shares during the period. Dimensional Fund Advisors LP boosted its position in Exponent by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,019,085 shares of the business services provider’s stock worth $96,937,000 after purchasing an additional 6,108 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Exponent by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 534,520 shares of the business services provider’s stock worth $50,844,000 after purchasing an additional 17,849 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Exponent

In related news, VP John Pye sold 3,956 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the completion of the transaction, the vice president now owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

Exponent Price Performance

Exponent stock opened at $112.90 on Monday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 57.02 and a beta of 0.66. Exponent, Inc. has a one year low of $64.61 and a one year high of $115.75. The business has a fifty day moving average price of $108.81 and a 200-day moving average price of $99.26.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 28.39% and a net margin of 19.35%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 EPS. Sell-side analysts expect that Exponent, Inc. will post 2.04 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, September 6th. This represents a $1.12 annualized dividend and a yield of 0.99%. Exponent’s dividend payout ratio is currently 56.57%.

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.