Eagle Asset Management Inc. Sells 20,517 Shares of Exponent, Inc. (NASDAQ:EXPO)

Eagle Asset Management Inc. decreased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 28.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,898 shares of the business services provider’s stock after selling 20,517 shares during the quarter. Eagle Asset Management Inc. owned 0.10% of Exponent worth $5,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EXPO. Quarry LP bought a new position in shares of Exponent during the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in Exponent by 67.7% in the second 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. grew its stake in 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 purchasing an additional 323 shares in the last quarter. USA Financial Formulas bought a new position in Exponent in the third quarter worth approximately $60,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Exponent by 70.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Up 2.3 %

Shares of NASDAQ:EXPO opened at $98.04 on Monday. Exponent, Inc. has a 52-week low of $68.70 and a 52-week high of $115.75. The stock has a market cap of $4.98 billion, a P/E ratio of 47.36 and a beta of 0.69. The business’s 50 day moving average is $106.31 and its 200 day moving average is $102.18.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.14%. Exponent’s dividend payout ratio (DPR) is currently 54.11%.

Insider Buying and Selling

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

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.