Mirae Asset Global Investments Co. Ltd. Reduces Position in Exponent, Inc. (NASDAQ:EXPO)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 246,922 shares of the business services provider’s stock after selling 39,923 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.49% of Exponent worth $20,418,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. grew its position in shares of Exponent by 866.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 459 shares during the period. Janiczek Wealth Management LLC grew its position in shares of Exponent by 293.7% in the first quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 467 shares during the period. Principal Securities Inc. purchased a new stake in shares of Exponent in the fourth quarter valued at $69,000. YHB Investment Advisors Inc. purchased a new stake in shares of Exponent in the first quarter valued at $75,000. Finally, Eagle Bay Advisors LLC grew its position in Exponent by 104.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 668 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

In other Exponent news, Director Paul R. Johnston sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $95.50, for a total transaction of $668,500.00. Following the sale, the director now owns 80,742 shares in the company, valued at $7,710,861. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Exponent news, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $95.50, for a total transaction of $668,500.00. Following the transaction, the director now owns 80,742 shares of the company’s stock, valued at approximately $7,710,861. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eric Guyer sold 1,650 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total value of $152,757.00. Following the sale, the insider now owns 1,846 shares in the company, valued at $170,902.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,067 shares of company stock worth $4,734,995. 2.10% of the stock is currently owned by corporate insiders.

Exponent Stock Performance

Shares of NASDAQ:EXPO traded down $0.19 during trading on Friday, hitting $94.25. The company’s stock had a trading volume of 106,072 shares, compared to its average volume of 201,925. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $102.72. The stock’s 50-day moving average price is $94.77 and its two-hundred day moving average price is $86.97. The company has a market capitalization of $4.78 billion, a PE ratio of 47.60 and a beta of 0.65.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The business had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $125.98 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, June 7th. Exponent’s dividend payout ratio (DPR) is 56.57%.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price objective on Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, April 29th.

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.