Parallel Advisors LLC Trims Stake in Exponent, Inc. (NASDAQ:EXPO)

Parallel Advisors LLC lowered its holdings in Exponent, Inc. (NASDAQ:EXPO) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,869 shares of the business services provider’s stock after selling 319 shares during the period. Parallel Advisors LLC’s holdings in Exponent were worth $1,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Empowered Funds LLC grew its stake in Exponent by 22.1% in the 3rd quarter. Empowered Funds LLC now owns 9,525 shares of the business services provider’s stock worth $1,098,000 after buying an additional 1,724 shares in the last quarter. Quest Partners LLC increased its stake in Exponent by 725.5% in the third quarter. Quest Partners LLC now owns 15,396 shares of the business services provider’s stock valued at $1,775,000 after acquiring an additional 13,531 shares during the last quarter. Pathstone Holdings LLC raised its position in Exponent by 7.9% during the third quarter. Pathstone Holdings LLC now owns 23,606 shares of the business services provider’s stock valued at $2,721,000 after purchasing an additional 1,722 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Exponent by 2.2% during the third quarter. PNC Financial Services Group Inc. now owns 11,134 shares of the business services provider’s stock worth $1,284,000 after purchasing an additional 239 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Exponent in the 3rd quarter worth about $933,000. Institutional investors own 92.37% of the company’s stock.

Exponent Trading Down 0.5 %

Shares of NASDAQ EXPO opened at $82.60 on Wednesday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 38.96 and a beta of 0.77. The stock’s 50-day moving average is $88.37 and its 200 day moving average is $97.00. Exponent, Inc. has a 1-year low of $77.30 and a 1-year high of $115.75.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $0.41 earnings per share. On average, analysts forecast that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Insider Activity

In related news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at $154,674. This trade represents a 49.10 % decrease in their position. 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.

Exponent 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.