Norges Bank Takes Position in Exponent, Inc. (NASDAQ:EXPO)

Norges Bank acquired a new position in Exponent, Inc. (NASDAQ:EXPO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 587,887 shares of the business services provider’s stock, valued at approximately $52,381,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in shares of Exponent by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after buying an additional 111 shares in the last quarter. Heritage Family Offices LLP grew its stake in Exponent by 3.8% during the 4th quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 114 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Exponent by 0.9% in the 4th quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 133 shares during the period. Private Trust Co. NA lifted its position in shares of Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Exponent by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider’s stock worth $675,000 after purchasing an additional 180 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Exponent Stock Performance

Exponent stock opened at $77.06 on Friday. Exponent, Inc. has a twelve month low of $76.18 and a twelve month high of $115.75. The firm has a market cap of $3.92 billion, a PE ratio of 36.35 and a beta of 0.77. The firm’s 50 day moving average price is $85.49 and its two-hundred day moving average price is $94.85.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share 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 EPS. Equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exponent news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares in the company, valued at $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

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.